Question

Which term best describes Russia's transition to a market economy

Answer 1

Answer:

The term best describing the transition in Russia market economy is difficult

Explanation:

Most countries made transitions in their economies. They were determined to build a strong economy; however, this was not a more manageable task since the old structure remnants kept haunting the present economy. Another challenge was scarcity of resources

The Russians had first followed the central plan of economic policies that were crucial in the past era. It is because of this that Russia decided to shift to an economic market; however, there were many blocks that they had to endure before reaching a transition.

Answer 2

Answer:

Slow/ difficult.

Explanation:

Since the collapse of Communism in the early 1990s, Russia has experienced difficulties in making the transition from a centrally planned economy to a market based economy.