Czechoslovakia will go ahead with plans to privatize 100,000 state-owned shops and small businesses under a new law approved by Parliament.

The law passed Thursday is designed to set Czechoslovakia on the road to a market economy by breaking the monopoly structure of state enterprises.The full extent of businesses to be covered by the privatization has not been settled, but it will include shops, hotels and small enterprises of all sorts, including wholesale operations.

Businesses are expected to be sold for a fraction of their value as the government tries to build a viable private sector.