Question

Which term best describes russia's transition to a market economy?

Answer 1

the *difficult* is the best term which describe russia's transition to a market economy?

Answer 2

In early days, many countries made transition in their economic policies.

Russia initially followed a centrally planned economic policies. Communism has played a vital role in the past days of Russia.

After the year 1990, Russia made possibilities to shift its economy from a centrally planned one to a market based one.

But, it came across major difficulties in making the transition feasible.

Hence, 'difficulty' is the term that best describes the transition of Russian economy.