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28 May, 23:13

Russia turned into which type of economic system in 1990s?

A) market

B) communist

C) democratic

D) socialist

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Answers (1)
  1. 29 May, 02:54
    0
    The correct answer option is A) market.

    After the collapse of the Soviet Union in 1991, a new Russion federation was created. Under the new federation, several economic reforms were introduced which brought changes to the Russian economic system.

    Due to the collapse of communism, a significant transition from central planning to market economy was seen, based on a system of state ownership in terms of farming, production and agricultural growth.
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