Concept information
Preferred term
Bulgaria
Definition
- Bulgaria is a country in southeastern Europe that lies south of Romania, north of Greece and Turkey, and has a coastline along the western edge of the Black Sea. Since its reestablishment as an independent country in 1878 after the rule of the Ottoman Empire (from 1422), Bulgaria has faced an economic dilemma: How to raise the standard of living despite a backward rural economy and a meager industrial and savings basis? How to build a balanced society beyond agrarian majorities in favor of entrepreneurial middle classes and bourgeoisies? At first, it relied on export of agricultural commodities to north-central Europe. [Source: Encyclopedia of Business in Today's World; Bulgaria]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Bulgaria
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