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26 November, 14:24

What problems has russia experienced in switching from a state-controlled to a free market economy?

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  1. 26 November, 14:49
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    Answer: Russia experience sever economic crisis

    Explanation:

    A free market system is one in which the cost and availability of products is determined by the forces of demand and supply. There is no or negligible government intervention in the functioning of the economy. When Russia transformed from being a state controlled system to a market oriented system, it lead to enormous corruption and economic crisis.
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