describe the Russia economy for the revolution
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Answer:
The Russian republic, by virtue of its great size and abundant natural resources, played a leading role in the economy of the Soviet Union. In the first decades of the Soviet regime, these resources made possible great economic advances, including the rapid development of mining, metallurgy, and heavy engineering, the expansion of the railway network, and a massive increase in the energy supply. In the 1960s a second phase of Soviet industrial development began to exert a particularly strong effect on the Russian republic. In addition to further growth in established industries—especially in the production of oil, gas, and electricity and in the chemical industries—there was a marked diversification in industrial output, including a limited expansion in consumer goods. In the years before the dissolution of the Soviet Union, however, the economy of Russia and of the entire country was in a state of decline, and official statistics masked industrial inefficiencies.
After the collapse of the Soviet Union in 1991, the Russian government implemented a series of radical reforms designed to transform the economy from one that was centrally planned and controlled to one based on capitalist principles. Major components of the reforms included establishing privately owned industrial and commercial ventures (using both foreign and Russian investment) and privatizing state-owned enterprises. To encourage privatization, the government issued vouchers to Russian citizens that enabled them to purchase of shares in privatized firms, though in practice these vouchers frequently were sold for cash and were accumulated by entrepreneurs. A commodity- and stock-exchange system also was established.
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