Which of the following are associated with the term 'Shock Therapy'?
(a) Total shift to a capitalist economy.
(b) Private ownership of means of production.
(c) State-controlled polity.
(d) Currency convertibility.
Choose the correct option
Answer & explanation
Correct answer: option 3
Features of Shock Therapy:
Total shift to a capitalist economy.
Private ownership of means of production.
Currency convertibility.