Georgia’s economy suffered severe setbacks after _____.

Geography

2 answers:

grin007 [14]3 years ago

4 0

The Fall of Communism

Ymorist [56]3 years ago

3 0

Answer:

Georgia’s economy suffered severe setbacks after the fall of Comunism.

Explanation:

Georgia has a free market economy. After the fall of the Soviet Union, its domestic product fell during the 1990s, which caused a large decline in the economy.

This was because they had a high rate of tax evasion.

As of the mid-2000s, Georgia managed to grow its economy due to the economic reforms introduced by the Rose Revolution.

Currently its market works relatively well.

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