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Sagot :
The problem in transition economies is excessive use of specialized terms is one of the main the difficulties in translating economic texts.
The transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions.
The transition economies suffered from a lack of entrepreneurs and entrepreneurship, which make it more difficult to reform their economies and promote market capitalism.
In addition, there was also a skill gap with few workers having the necessary skills required by employers in the newly privatised firms.
To know more about transition economies here,
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