Question 2: Russian Economy
Write a 500 to 750 word paper in APA format responding to the following questions:
1.How would you classify the Soviet economy prior to the break-up of the Soviet Union? Explain your rationale.
2.Why did the Soviet economy fail?
3.How would you classify the Russian economy as it is currently?
4.Is it still a transitional economy, how so?
An Autopsy of the Soviet Economy
by Gordon M. Hahn
https://www.hoover.org/
Answer previewAccording to Hahn (1998), the Soviet Union used a command economic system. Under this system, the government-controlled production, agricultural and industrial sectors, and other important segments in the economy. The central government micromanaged every economic activity which hampered with the Soviet Union’s success. Hahn (1998) highlights that the soviet …(500 words)