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Russia Economic System Project
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GOAL!
Thank you!
Competition-
is the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix
- Monopolies control a large portion of the wealth
- Small elites control the bulk of the nations assets
Government Regulation-
Profit Motive-
a law that controls the way that a business can operate, or all of these laws considered together
is the motivation of firms that operate so as to maximize their profits.
- In Russia, power is held in the hands of a few.
- The Elite few are the one with the motive to make the money
- The private sector remains subject to heavy state interference
- Inconsistent regulations
Private Ownership-
the fact of being owned by a private individual or organization, rather than by the state or a public body
- Protection of property rights is weak
- Little restrictions on private owners
- Corrupt government allows these people to run the country
Russia Economic System Project
Consumer sovereignty-
the situation in an economy where the desires and needs of consumers control the output of producers.
Transition from Soviet Union to Russia
- Moved from more central based to a "market style" of economy
- Massive reforms in the 90's privatized the oil and energy industry
- Because of war Russia is in a recession
- Consumer sovereignty is rare in Russia
- They get what is offered not what is wanted
- Not run on supply and demand
By: Reeves and Kaylee
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