Market Reforms

Market reforms refer to changes in the policies and regulations governing an economy to enhance its efficiency and competitiveness. These reforms can include reducing government control, promoting free trade, deregulating industries, and encouraging private ownership. The goal is to create a more dynamic market that attracts investment, boosts productivity, and ultimately benefits consumers through better prices and services. Market reforms are often implemented in transitioning economies to move away from central planning and stimulate economic growth, aiming for a balanced approach that fosters innovation while ensuring social protections.