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Author Question: Communist countries used to set five-year plans for their economies. What were five-year plans and ... (Read 74 times)

olgavictoria

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on: Jun 29, 2018
Communist countries used to set five-year plans for their economies. What were five-year plans and were they successful? Why or why not?

Question 2

What is a wholly-owned subsidiary?


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Ahnyah

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Five-year plans were defined plans with specific economic goals. They did not work well because such plans were not flexible enough for changing conditions.

Answer to Question 2

A wholly-owned subsidiary is an independent company owned by a parent company.


olgavictoria

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

raenoj

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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