Question

What is meant by the “virtual economy” in Russia in the mid 1990s?

What is meant by the “virtual economy” in Russia in the mid 1990s?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
  • It was the system of informal rent distribution that arose in soviet Russia in the 1990's
  • Enterprise directors, government officials colludes to use non market prices and various forms of non monetary Exchange.
  • Such as Barter to transfer value from Resource sectors to manufacturing industry.
  • The virtual Economy reached a peak in the run up to the country's financial crisis in August 1998.
  • The virtual Economy was a peculiar system of Rent distribution in which the primary vehicle through which agents laid claim to rents was production.
  • ,
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If the US economy was growing at a rate of 2 percent or better in mid-1992,...
If the US economy was growing at a rate of 2 percent or better in mid-1992, how is it possible that unemployment was rising? Please explain the specifics of the economy in the early to mid-1990s which caused unemployment to grow. Please be concrete, I will rate
Russia experienced inflation of 2500% per year in the early 1990s. Identify the term used to...
Russia experienced inflation of 2500% per year in the early 1990s. Identify the term used to describe this extreme level of inflation rate and briefly discuss the contributing economic factors that caused this situation to arise.
What is meant by an interim (or mid-year) acquisition of a subsidiary's shares? Multiple Choice The...
What is meant by an interim (or mid-year) acquisition of a subsidiary's shares? Multiple Choice The parent restates its net income to include both pre-acquisition and post-acquisition earnings of the subsidiary. The parent dividends its net income into pre-acquisition and post-acquisition earnings. The parent purchases the subsidiary's non-voting shares. The parent purchases a controlling interest in the subsidiary's equity at some time other than the end of the fiscal year.
The context that created and supported the Jeffersonian world view disappeared by the mid-nineteenth century, prompted...
The context that created and supported the Jeffersonian world view disappeared by the mid-nineteenth century, prompted by a shift toward an economy based on commerce, manufacturing, and a larger scale agricultural endeavors. What is the best explanation for this? What impact did this change have on the ethics and civics of what it meant to be an American?
was average income growth greater from the late 1940s to the mid 1970s or from the...
was average income growth greater from the late 1940s to the mid 1970s or from the mid 1970s to the late 1990s? What was one important source of strong income growth in the period you have identified?
WHAT DETERMINES THE VALUE OF A VIRTUAL CURRENCY? WHAT DETERMINES THE VALUE OF A VIRTUAL OR...
WHAT DETERMINES THE VALUE OF A VIRTUAL CURRENCY? WHAT DETERMINES THE VALUE OF A VIRTUAL OR DIGITAL ASSET? Virtual Currency and value derived from ?
What is “mass privatization” and what form did it take in Russia?
What is “mass privatization” and what form did it take in Russia?
What is meant by the term “tax morality”? If for example, your company has a subsidiary...
What is meant by the term “tax morality”? If for example, your company has a subsidiary in Russia where some believe tax evasion is a fine art, should you comply with Russian tax laws or violate the laws as do your local competitors? Why or why not? Please try to meet 450 words if possible, thank you so much.
1. Are the EU and Russia competing for influence in the same ‘neighbourhood’? 2. What groups...
1. Are the EU and Russia competing for influence in the same ‘neighbourhood’? 2. What groups or individuals in Europe support a more friendly relationship between the EU and Russia, and why?
The splintering of what genre is similar to the expansion of genres in the 1990s?
The splintering of what genre is similar to the expansion of genres in the 1990s?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT