Since the Collapse of Communism at the End of the 1980s

question 11

Multiple Choice

Since the collapse of communism at the end of the 1980s, the erstwhile communist nations have transformed their economies by globalizing their markets. This involves _____.

• A) regulating markets
• B) privatizing state-owned enterprises
• C) decreasing competition
• D) reducing foreign investment

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Definitions:

Financial Services

Industries and businesses that manage money, including banks, investment companies, insurance companies, and real estate firms.

Per Capita Income

The average income earned per person in a specific area or country in a specified year.

SWOT Analysis

A tool for strategic planning that helps identify the Strengths, Weaknesses, Opportunities, and Threats associated with competitive business environments or project planning scenarios.

Dairy Processing

The methods and techniques used to transform raw milk into other dairy products such as cheese, butter, and yogurt.