One of the ways that Russia is attempting to get its economy going is by removing many administered prices and subsidies and letting free market forces take over.

Question

Quizplus · Accepted Answer

Each of the individual republics that made up the U.S.S.R. in turn declared their independence and now are attempting to shift from a centrally planned to a market-based economy. The Russian Republic has the largest population, territory, and influence, but others, such as Ukraine, also are industrialized and potentially important in the global economy. Of most importance to the study of international management are the Russian economic reforms, the dismantling of Russian price controls (allowing supply and demand to determine prices), and privatization (converting the old communist-style public enterprises to private ownership).

One of the Ways That Russia Is Attempting to Get