How did the fall of communism most impact people in Eastern Europe economically? A) Privatization has allowed them to become entrepreneurs. B) Greater freedoms have enabled collective farming. C) Democratic elections have ensured more representative government. D) The market economy has made many people wealthy.
History · High School · Mon Jan 18 2021
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A) Privatization has allowed them to become entrepreneurs.
The transition from a centralized, state-controlled economy to a market-oriented system led to privatization of state-owned enterprises and allowed individuals to engage in entrepreneurship. As state-owned industries were privatized, it opened opportunities for individuals to start businesses, invest in private enterprises and participate in market-driven economic activities. This shift towards a market economy provided greater autonomy and opportunities for entrepreneurship, allowing individuals to start their own businesses and participate in economic endeavors that were previously restricted or controlled under communist rule.