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Essay heading: Russian Economy
 
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Issue: History
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Date added: December 11, 2001
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No of pages / words: 2 / 553
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The direct definition of capitalism is an economic system characterized by private or corporation ownership of capital goods, by investments that are determined by private decision rather than by state control (UNT Dictionary 332). The economic reforms that came about due to the post-Soviet era brought many problems and drastic changes in the Russian Housing System or RHS (Smith, Jody)...
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After a relatively slow beginning in 1992, housing stock in Russia increased dramatically (Smith, Jody). It was fairly difficult for Russia to create a full market system in housing considering that it just went through many years as a communist country (Smith, Jody). The idea of one person owning their own private house and land, without any stand-in from the government was completely opposed by the Russian government (Smith, Jody)...
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