HISTORY
WORLD WAR I AND THE RUSSIAN REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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was primarily industrial
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was strong
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was primarily agricultural
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rested on diverse industries, including manufacturing, mining, and agriculture
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Detailed explanation-1: -What are the main parts of Russia’s economy? Russia’s gross domestic product (GDP) is mainly composed of three sectors: agriculture, industry, and service. Agriculture contributes about 5.6% to GDP, followed by industry and service, which contribute 26.6% and 67.8%, respectively.
Detailed explanation-2: -In the early 1900s, why was Russia behind the rest of the industrialized nations economically Choose three answers. Its economic base was agriculture. It lacked a substantial wealthy class. Which led to the 1905 revolution?
Detailed explanation-3: -Reforms in Russia should start with strengthening property rights and contract enforcement to reassure investors. Russia should also reduce its burdensome business operating and licensing standards, and heavy regulation, which often discourage international participation in the domestic economy.