Asked by Zheng Casey on May 16, 2024

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Controversies emerge over rising prices, unemployment, business competition and the challenges of privatisation as:

A) central-planning economies change to free-market economies.
B) manufacturing-based economies change to knowledge-based economies.
C) a free-market economies change to central-planning economies.
D) global markets dominate transnational businesses.
E) globalisation increases competitive pressures on businesses of all sizes.

Central-Planning Economies

Economic systems where the government or central authority makes all decisions about the production and distribution of goods and services.

Free-Market Economies

Economic systems where prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Rising Prices

Rising prices refer to an increase in the cost of goods or services over time, often indicative of inflationary trends in the economy.

  • Explain the mechanisms and consequences of economic unification, privatization, and shifts towards a market-oriented economy.
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AP
April PruittMay 22, 2024
Final Answer :
A
Explanation :
Central-planning economies transitioning to free-market economies often face controversies over rising prices, unemployment, business competition, and the challenges of privatization due to the shift from government control to market-driven forces.