Basic principles of Microeconomics

‘The transcation from a centrally planned economy to a free market or mixed economy involes state owned enterprises being privatised. But economists debate as to whether this is actually beneficial to the country’s economy.’ Discuss this statement
Project description
Essay Title: The transcation from a centrally planned economy to a free market or mixed economy involes state owned enterprises being privatised. But economists debate as to whether this is actually beneficil to the country's economy. Discuss this ststement from the experience of China and Russia.

In the essay include: Basic principles of Microeconomics and relevant theories (free market economies against Centrally planned economies, Perfect competion against a Monopoly) | Microeconomic diagrams to make the essay analytical.

Structure:

Introduction: (200 words)
Economic theory (400 words)
State Ownership and Privatisation in China: (400 words)
State Ownership and Privatisation in Russia: (400 words)
Conclusion: (200 words)