Question

How are the Russian citizens better off under their new and current economic and governmental structure...

How are the Russian citizens better off under their new and current economic and governmental structure rather than under the Communist system?

Homework Answers

Answer #1

Russia was communists government and all economic decisions were left to central authority. Thus, common aspirations were declined and ignored by the government.

Communist government was involved in making massive investment in arm and ammunition while ignoring needs of people. People were made to follow government rules and norms. Thus per capita income of people did not increase significantly.

Hence, after collapse of communist regime, there was embracing of market system. After this, people or consumer became sovereign and output were produced according to needs and requirements of general public. Thus, living standard increased significantly.

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