Nick Iverson
Ethan Duval
10/2/15
AP comparative Government
Silva Brown
Russia's economy is heavily dependent on energy industries, particularly oil, which is mined domestically. However, their industries still matters.
Russians economy available on Forbes.
"The Russian state’s finances really are based on the heavy taxation of energy producers, and the Kremlin would be in a world of trouble if the oil/gas spigot ever truly ran dry."
"But Russia, despite what you often hear, is more than just a gas station. It’s manufacturing and service sectors aren’t particularly competitive by world standards (very few people in North America are buying Russian cars) but they do exist."
As we learn about Economics and how it works,we learn that many of the major world economies have a percentage that is based on oil sales. So as Russian trades oil to other countries and consumes it, they participate in the world's economy on oil alone. Russia's economy is largely dependent on it's income from land resources.
Nick Iverson
Ethan Duval
10/2/15
AP comparative Government
Silva Brown
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