Russia's new free-market economy enabled more goods to become available soon after the command economy fell, and many average Russians were able to own their own businesses.
Explanation:
With the collapse of the Soviet Union, Russia experienced many changes, and one of the major changes was the economy. During the communism, the economy was of command type, but after the fall of communism it changed to free market economy. While this has not resulted in significant increase in the standard of living among the average Russians, it did had other big effects, such as:
- more goods became available
- the people were able to create and own their own businesses
- the government is not controlling the production of goods in general
- the consumers became the main judge as to what and how much will be produced
Many Russians captured the opportunity to develop their own businesses once the economy changed. This resulted in an economy that started to gradually develop and get back on track. The average Russian was able to buy whatever they wanted and how much they wanted, with the empty rafts in the stores becoming part of the past. Weirdly enough, the price of the goods an services in Russia have not dropped significantly because of the competition, but instead have remained largely unchanged, and it is believed that the reason for that is the oligarchy.
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