Question

look for factors that will help you determine what type of economy exists in country c.
country c used to be a command economy but is now in the process of altering its economic system to embrace free - market capitalism. it is privatizing businesses that the state once owned, granting more political and economic freedoms, boosting trade with western europe, and seeking foreign investment. its gdp is improving and has reached $9,000 per capita. it is also improving its transit and financial infrastructure. independent banks and a stock market have just been created with imf loan assistance.
what type of economy does country c have?
options: developed, command, transitioning, developing

Explanation:

Country C was a command economy and is now transitioning to a free - market system (privatizing businesses, improving GDP, developing financial infrastructure, etc.). A transitioning economy is one that is moving from a command (planned) economy to a market - based economy. A developed economy is already highly industrialized and stable, a command economy is the old system of Country C, and a developing economy typically refers to one with lower - level development and not in a transition from a command system.

Answer:

transitioning