Compare and contrast the economies of the United Kingdom, Germany, and Russia using five or more complete sentences.

Social Studies

1 answer:

timurjin [86]3 years ago

3 0

Responses may vary but should include some or all of the following information:

The United Kingdom, Germany, and Russia all have mixed economies. The United Kingdom and Germany share the most in common. They both have highly developed economies with few government restrictions and are focused on the service industry. The main difference between the two economies is that Germany is also focused on manufacturing, which makes it one of the most powerful economies in the world. Russia’s economy is somewhat different than the other two. Though it is a mixed economy, one of its greatest challenges is changing from a command economy to a market economy. The government has more control of Russia’s economy than the other two countries’ governments do of theirs. It is still a developing economy that is shifting form agriculture to manufacturing, energy, and service. Though Russia’s economy is growing quickly, it faces issues of corruption in the private sector and in government. This works for Edge nuity.

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