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One sign of the transition to a mixed-market economy is the establishment of

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One sign of the transition to a mixed-market economy is the establishment of

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A mixed-market economy is characterized by a combination of both private and public enterprises, combining elements of capitalism and socialism. One sign of the transition to a mixed-market economy is the establishment of:

  1. Private Enterprises: Encouragement of private businesses alongside state-owned enterprises, indicating openness to market-driven growth.

  2. Regulatory Framework: Development of regulations to govern private businesses, ensuring fair competition and consumer protection.

  3. Public Welfare Programs: Introduction of social safety nets and public welfare programs that provide assistance to those in need while allowing for market operations.

  4. Liberalization of Trade: Policies that promote free trade and reduce barriers to entry for private enterprises, showing an embrace of global market dynamics.

These elements signify a shift towards a mixed economy, blending the advantages of both market freedom and governmental oversight to foster economic development.

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