A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. These include economic liberalization, where prices are set by market forces rather than by a central planning organization.
| Attributes | Values |
|---|---|
| rdfs:comment |
|
| differentFrom | |
| is rdfs:seeAlso of | |
| is field of |