What Are Some Implications of the Market Transitions That Many

question 41

Essay

What are some implications of the market transitions that many formerly communist societies are experiencing? What are some major challenges facing multinationals as they try to motivate workers in these transition economies?

---

Definitions:

Parity Ratio

The ratio of the price received by farmers from the sale of an agricultural commodity to the prices of other goods paid by them; usually expressed as a percentage; used as a rationale for price supports.

Price Supports

Government interventions in the market to maintain the price of a commodity at a certain level.

Farm Products

Products that are the result of agriculture and livestock cultivation, such as fruits, vegetables, grains, and meat.

Farm Employment

Jobs and labor associated with working on farms, including planting, cultivation, and harvesting of crops, as well as raising livestock.