asked 145k views
3 votes
Georgia’s economy suffered severe setbacks after _____.

asked
User Gulsah
by
8.0k points

2 Answers

1 vote
The Fall of Communism
answered
User Arias
by
8.4k points
6 votes

Answer:

Georgia’s economy suffered severe setbacks after the fall of Comunism.

Step-by-step explanation:

Georgia has a free market economy. After the fall of the Soviet Union, its domestic product fell during the 1990s, which caused a large decline in the economy.

This was because they had a high rate of tax evasion.

As of the mid-2000s, Georgia managed to grow its economy due to the economic reforms introduced by the Rose Revolution.

Currently its market works relatively well.

answered
User Noisy
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.