Some unintended consequences of an economic transition are as follows:
- rapidly increasing inequality
- unemployment
- inflation, etc
There are some consequences that come as a result of an economic transition and this can lead to adverse effects as entrepreneurs and traders usually take advantage and prosper.
However, other market players suffer a rise in unemployment and inflation and these are factors to be looked out for when undergoing an economic transition.
<h3>What is an Economic Transition?</h3>
This refers to the type of economy that marks a shift or move from a central economy to one that is a market economy.
There are some consequences that come as a result of an economic transition and this can lead to adverse effects as entrepreneurs and traders usually take advantage and prosper.
Hence, we can see that your question is incomplete so I gave you a general overview to give you a better understanding of the concept.
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