Mikhail Gorbachev's economic policies could be characterized as ________.

Question

Quizplus · Accepted Answer

Mikhail Gorbachev's economic policies, known as perestroika, ultimately failed to revive the Soviet economy and instead contributed to its collapse. The policies included some limited market-oriented reforms, but they were not enough to address the deeper systemic issues of the Soviet economic system. Under Gorbachev's leadership, the country experienced widespread shortages, inflation, and declining living standards for many citizens.

Mikhail Gorbachev's Economic Policies Could Be Characterized as ________