Economic System Reforms

Economic system reforms involve changing a country's existing economic policies and structures to improve efficiency, growth, and fairness. These reforms can include privatizing state-owned businesses, reducing government control, opening markets to competition, and implementing policies that encourage entrepreneurship. The goal is to create a more dynamic and resilient economy that can better respond to global changes, generate employment, and improve living standards. Such reforms often respond to economic challenges, aiming to balance government intervention with free-market principles to foster sustainable development.