Why did the rapid economic liberalization of Russia work poorly?
A)Production of many items was concentrated in one or two giant factories.
B)Russia depended too much on investment and management skills from abroad.
C)The government passed too many economic regulations, effectively repressing entrepreneurship.
D)Russia lost access to many raw materials as its empire collapsed.

Question

Quizplus · Accepted Answer

The rapid economic liberalization of Russia worked poorly because the production of many items was concentrated in one or two giant factories. This made it difficult to transition to a market economy, as these factories were not competitive and could not easily adapt to new market conditions.

Why Did the Rapid Economic Liberalization of Russia Work Poorly