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Sumanthbabu

Stealth • 9m

Just now watched a Geopolitic-case study on Russian economy by thinkschool . Pointed out some main points and wrote a 1-min-Read blog. #russianeconomyBoom

https://medium.com/@sumanthbabu.muthineni_95514/russias-resilient-economy-market-growth-amidst-sanctions-6340dda534b0

Harshavardhan
•

YouTube • 9m

Brother, I appreciate the clarity with which you explain things. Although I haven't watched the Think School video, I admire how you simplify complex concepts. Specifically, I gained insight into the Dutch Disease, which I wouldn't have known about otherwise. Could you provide examples of a state-run and a market-run economy? Both seem similar to me.

1 replies1 like

Replies (1)

Sumanthbabu

Stealth • 9m

Happy to see your curious comment. Just take example of NorthKorea ,where all goods production and the price of goods is decided by government itself..(this is state run economy) Whereas In India or America private individuals and businesses take those decisions according to current market.(this is market-run economy). Another important thing, why state run economy causes problems in economy is The decisions taken by government will take lot of time and the decisions might not be effective enough to make profits. Hope you understood..still have doubts. Feel Free to post .. by the way I'm also graduated from MVSR Engineering College( 2022)

1 replies2 likes

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