What type of economy did eastern europe and the soviet union transition too

ANSWER:

After getting loose with Soviet Union on the year of 1989 the countries of Eastern Europe started to work in market-based economy and started to construct democratic institutions.

EXPLANATION:

The market-based economy is known as the kind of economy in which  the market has a role of invisible hands in delivering and making production of goods. If any production or any sort of consumption is required than it will be decided upon the demands and requirements from the market.

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