Explain any four consequences of shock …
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Posted by Samaira Sam 4 years, 9 months ago
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Yogita Ingle 4 years, 9 months ago
The consequences are:
(i) Collective farms were replaced by private farming and capitalism in agriculture.
(ii) Privatisation of state assets and corporate ownership patterns were immediately brought in.
(iii) Development began to be envisaged through more trade and sudden and complete switch to free trade was considered essential.
(iv) It also involved a breakup of the existing trade alliance among the countries among the countries of the Soviet bloc.
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