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WINSTONCH [101]
3 years ago
5

What type of economy did Eastern Europe and the Soviet Union transition too

Geography
2 answers:
charle [14.2K]3 years ago
6 0
Eastern Europe & the (former) Soviet Union transitioned to a:

Market-based economy.
Ratling [72]3 years ago
6 0

<u>ANSWER:</u>

After getting loose with Soviet Union on the year of 1989 the countries of Eastern Europe started to work in market-based economy and started to construct democratic institutions.

<u>EXPLANATION:</u>

  • The market-based economy is known as the kind of economy in which  the market has a role of invisible hands in delivering and making production of goods.
  • If any production or any sort of consumption is required than it will be decided upon the demands and requirements from the market.
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