Economic reforms need to break the grip of _______________ capitalism through more competitive markets, a reinstated fundamental right to property, greater reliance ________________ rules rather than discretion, and a change in the way government contracts are _______________________. 

Let us discuss all options to understand them better. If we consider option A, the first word ‘extolled’ means to praise enthusiastically and is the opposite of what is needed here. So, we will rule out this option. Considering option B, use of ‘of’ ‘traded’, both are incorrect. In option D, use of the word ‘scored’ is incorrect as the third word. All words of option C fit well in the statement. Thus, C is correct. The correct sentence now becomes – “Economic reforms need to break the grip of stigmatized capitalism through more competitive markets, a reinstated fundamental right to property, greater reliance on rules rather than discretion, and a change in the way government contracts are awarded.”