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‘The transition from a centrally planned economy to a free market or a mixed economy involves state owned enterprises being privatised. But economists debate as to whether this is actually beneficial to the country’s economy.’ Discuss this statement from the experience of China and Russia.
This essay does not require the use of mathematics. You should familiarise yourself with the basic principles of Microeconomics and the relevant theories (Free Market Economies against Centrally Planned Economies, Perfect Competition against a Monopoly) as have been and discussed in lectures, and how they apply to the events of the time period in question by doing further research of your own using the books listed below.
You will need to use relevant Microeconomic diagrams in order to make your essay analytical.
Recommended Essay Structure with suggested word count and headings:
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