Answer:
Step-by-step explanation:
c. socialist system to a free enterprise system. In the early 1990s, Russia underwent significant economic and political changes, transitioning from a socialist system to a market-oriented, free enterprise system. This period of transition, often referred to as "shock therapy," involved the privatization of state-owned industries, the liberalization of trade and investment policies, and the deregulation of markets. This transition was a challenging period for many Russians, as they faced significant economic and social upheaval. However, it also paved the way for the development of a more dynamic and diverse economy in Russia, with increased opportunities for entrepreneurship and innovation.