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svp [43]
3 years ago
13

Since the fall of the Soviet Union in the early 1990s a

Geography
1 answer:
Studentka2010 [4]3 years ago
6 0

Answer:

C) Command; Capitalist

Explanation:

The Soviet Union started incorporating the <em>"command economy"</em> in<em> 1924 </em>under Joseph Stalin. Such movement was meant to overtake the economy in the West. The Communist Party controlled everything from<em> social, political </em>and<em> economic</em> aspect of the country. This led to an immediate rapid growth.

However, the command economy's long-term inefficiency soon emerged and this made the Soviet's economy stagnant. It collapsed in <em>1991.</em>

Eastern Europe embraced the<em> "capitalist economy"</em> after the communist era. This led to the removal of price controls, which meant the prices of goods depended on <u><em>supply and demand.</em></u> Many of the countries resorted to speedy reform, which largely affected several countries' industrialization.

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