The economic restructuring necessary to move toward greater reliance on markets has proven to be relatively easy for most previously planned economies to achieve.

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Economic restructuring from a planned economy to a market-based economy can be challenging and complex, involving changes to laws, regulations, institutions, and even culture. Many countries have struggled with this transition and faced difficulties such as unemployment, inflation, and social unrest. Therefore, it is not accurate to say that it is relatively easy for most previously planned economies to achieve.

The Economic Restructuring Necessary to Move Toward Greater Reliance on Markets