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Rolling Back of the state’ is a popular catchphrase in economics. It is least likely to be used in the context of a
Communist economy
Socialist Economy
Economy following indicative planning
Capitalist economy
Rolling back means that private sector has been given more space to operate and the state has reduced its role from that of a regulator to that of a facilitator.
This will occur most likely in a capitalist or socialist economy and least in a communist economy where the state is the chief architect of the economy.
By: Pradeep Kumar ProfileResourcesReport error
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