How did economic reforms in Turkey in the late 1900s improve the Turkish economy?
(1 point)
• Turkey made it easier for people to start new businesses and form private companies.
• Turkey invested in government projects, putting money into the economy.
• Turkey joined the European Union, expanding trade markets and bringing businesses in from Europe.
• Turkey expanded oil production, bringing more money into the industrial sector.
The correct answer is:
• Turkey made it easier for people to start new businesses and form private companies.
By implementing economic reforms, Turkey created a more favorable environment for entrepreneurship and business formation. This led to an increase in the number of businesses and private companies in the country. This expansion of the private sector had a positive impact on the Turkish economy, creating job opportunities, attracting investments, and promoting economic growth.