Question

Georgia’s economy suffered severe setbacks after _____.

Answer 1

The Fall of Communism

Answer 2

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.