Scenario: Learning the American Way
Sergei Chernovl is a Russian exchange student.To learn more about how a market economy functions,Sergei is writing a research paper comparing business in Russia with business in the North America.
-Sergei believes it is important to recognize the origin of the economic system in each country.He knows that the idea of central economic planning was popularized by ________.

Question

Quizplus · Accepted Answer

The idea of central economic planning was popularized by Karl Marx, the philosopher who developed the theory of communism. This theory heavily influenced the economic system in Russia, which was under communist rule for several decades.