Essay Database

Need an original paper?
Like us on Facebook in November and win FREE subscription to THOUSANDS high-quality essays and term papers
Like us on Facebook in November and win FREE subscription to THOUSANDS high-quality essays and term papers

Economies in Transition: Poland.

Date Submitted: 06/19/2003 09:48:40
Category: / Business & Economy / Economics
Length: 2 pages (557 words)
A command economy is an economy, which is planned by the government. The command economy is under the control of the governing party. The production and distribution of goods and services is totally all managed by the government. The distribution may use the rationing system or people will have to queue. The command economy relies on 5, 10, 15 year plans to push economic growth within the nation. The plans require a large amount of information, which is …
Is this Essay helpful? Join now to read this particular paper
and access over 480,000 just like this GET BETTER GRADES
…great inflation, high unemployment rate, and lowered GDP. However afterwards, the economy recovered and there was liberalization, stability, and privatization. The Polish were very successful in creating new business which responded to the market signals. There was also competition which leg to increased efficiency and productivity and lower prices of the goods. The objective of the Shock Therapy was to set up a "market system akin to the one found in the industrially developed countries."
Need a custom written paper? Let our professional writers save your time.