Question : How did the adoption of capitalism affect employment patterns in post-communist regimes?
Option 1: It led to full employment.
Option 2: It caused widespread unemployment initially.
Option 3: It had no significant impact on employment.
Option 4: It increased job security for all workers.
Answer (1)
16th Jan, 2024
Correct Answer: It caused widespread unemployment initially.
Solution :
Correct Option: Option 2
Explanation: The adoption of capitalism in post-communist regimes caused widespread unemployment initially, as the transition from a planned economy to a market economy led to the restructuring of industries and the closure of unprofitable state-owned enterprises.
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