capitalist reforms

Capitalist reforms refer to changes made in an economy to promote private ownership and free market principles. These reforms typically involve reducing government control over businesses, encouraging competition, and allowing individuals to own and operate enterprises. Such changes can include deregulation, privatization of state-owned companies, and tax incentives for businesses. The goal is to stimulate economic growth, increase efficiency, and improve living standards by fostering innovation and consumer choice. Countries often implement capitalist reforms to transition from central planning or socialism toward a more market-driven economy.