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Responses
It is a command economy where the government controls all aspects of the economy.
It is a command economy where the government controls all aspects of the economy.
It is a mixed economy but owns transportation, banking, and defense-related businesses.
It is a mixed economy but owns transportation, banking, and defense-related businesses.
Its energy-based industries are privatized, but Russia controls defense-related businesses.
Its energy-based industries are privatized, but Russia controls defense-related businesses.
Its economy is similar to Britain and Germany in its reliance on markets.
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The statement that best describes Russia’s current economy is:
It is a mixed economy but owns transportation, banking, and defense-related businesses.
This reflects the reality that while Russia has privatized many sectors of its economy, the government still retains significant control over key industries, particularly in transportation, finance, and defense.
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