Shock therapy (economics)

Shock therapy is a type of economic policy that is used when an economy needs to make big changes quickly. It's like an electric shock on the economy. It involves taking drastic measures that happen all at once. Examples of shock therapy are reducing government spending, privatizing state-owned businesses, and allowing foreign investment. The idea is that if people feel the effects of these changes right away, they will quickly adjust to them and the economy will start to improve.