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Which factor places this nation in the transitioning category? Multinational corporations operate within its borders. It is shifting from a planned to a free-market economy. It has recently increased trade with Western Europe. It has a rising GDP.

Sagot :

The factor that puts a nation in the transition category is the shift from a planned economy to a free market economy.

What is the free market?

It corresponds to an economic principle where the action of market agents is free, with less state intervention, being voluntarily determined by the law of supply and demand.

Therefore, the free market is a factor that marks an economic transition of a nation, by instituting greater relations with other countries, greater investment and economic expansion.

Find out more about free market here:

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