Gorbachev attempted to modify the Soviet economy under the program of Perestroika by allowing some private enterprise.
Perestroika was the program under which Gorbachev attempted to modify the economic structure of the Soviet economy by allowing some private enterprise. This policy involved restructuring the economy towards a mixed economy with market-like reforms. However, it did not entail shock therapy, which is a rapid privatization process often seen after the Soviet Union's collapse.
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