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Inefficiencies in agriculture in Eastern and Central Europe and the Soviet Union contributed to the financial collapse of the socialist system. Yet during the transition, agricultural production has declined. Low profits, high real interest rates, slow progress in reforms in some countries, and...
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"The outcome-based approach assesses the privatization of the provision of a good or a service by reference to the …-based approach is the economic theory which typically considers the merits of privatization on efficiency-based grounds …
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