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The UK operates primarily as a high-income, advanced economy characterized by a strong service sector, innovation, and a focus on financial services. In contrast, Russia is classified as an upper-middle-income economy with significant reliance on Natural Resources, particularly oil and gas, which heavily influences its economic structure. While the UK emphasizes a market-driven approach, Russia's economy is more state-controlled and resource-dependent, placing both countries at different points on the types of economies continuum.

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