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Russia's transition to a market economy has faced several significant challenges, including the rapid privatization of state-owned enterprises, which often led to the rise of oligarchs and economic inequality. Additionally, the lack of established legal and regulatory frameworks created corruption and instability in the marketplace. The sudden shift also resulted in high inflation and unemployment, causing social unrest and hardship for many citizens. Moreover, the economy's heavy reliance on Natural Resources made it vulnerable to global market fluctuations.
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What progress has Russia achieved in its transition to a market economy?
Green fruit#
What type of Economy does Russia have currently?
Command Economy & MARKET ECONOMY
Does russia have a freemarket economy?
yes Russia does have a free market economy after their new president got elected
Is Russia primarily a traditional or command or market or mixed economy?
command economy
After the velvet revolution Czechoslovakia began a transition to a?
market-based economy
The economy of china is in transition .what does this mean?
The economy is moving from central planning toward a market-based system.
What does the economy of China is is in transition mean?
The economy is moving from central planning toward a market-based system.
What is the current economic system of Montenegro?
They are currently in transition from federally state ran economy to a market economy.
What countries in Russia are changed from a command economy to a market economy?
taylor swift and eminem
What challenges did former Soviet allies such as Yugoslavia face as a result of the collapse of the Soviet Union?
Answer this question… They struggled with ethnic conflicts and political instability brought about by the collapse of communism.
Why is Israel is a command economy country?
Israel was a command economy by the 80's, but after a transition that finished in 1998 it is now a market economy.
What is an example of mixed market economy?
Canada mixed Russia Planned USA market
