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8 January, 12:55

How is the russian economy adjusting to the difficulties of a centrally planned economy?

a. it is quickly changing the economy so it works better

b. it is modifying the economy to include some free market practices

c. it is replacing it with a market based economy

d. it is enduring the difficulties?

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  1. 8 January, 13:18
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    When we say centrally planned economy, this means that the economy is being controlled and managed by the government rather than the individual businesses between the owners and the consumers. There was a time that the Russian economy found it difficult to adjust and the way how they adjusted is by modifying the economy. The modification included free market practices which enabled individual owners to gradually balanced their businesses.
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