The transition from a centrally planned economy to a free market or a mixed economy involves state owned enterprises being privatised. But economists debate as to whether this is actually beneficial to the country's economy. Discuss this statement fr

You should be familiarise with the basic principles of microeconomics and the relevant theories( free market economies against centrally planned economies, perfect competition against monopoly) and how they apply to the events of the time period in question by doing further research of your own using the books. Use relevant microeconomic diagrams in order to make an essay analytical.
Essay should have a coherent, consistent and logical Structure with headings for each section: introduction-200 words( discuss the background to the topic you will be writing about. State your aims and objectives and what you expected findings will be.
Economic theory-400 words
State ownership and privatisation in China-400 words
State ownership and privatisation in Russia-400words
Conclusion-200 words( state your findings and then discuss whether you think these are correct and if not, why?)
Essay should be analytical and not descriptive. Use data which can be obtained from the OECD and the World Bank Privatisation Database.
All diagrams and tables should be clearly labelled with the sources of the diagrams and tables clearly stated.
The essay should be written in 6-7 ielts level.might use Chinese National Bureauof Statistics.

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