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I need to know how this impaced the consumder electronics industry, worldwide.

2007-02-25 07:36:16 · 2 answers · asked by dinkha84 1 in Social Science Economics

2 answers

it increased it all because the economy was rationalised. I am ROmanian and here we had rations per month. a loaf of bread/per grownup and half/child. 1l of oil a month, a kilo of sugar, there was a penury of products: till the fall of comunism i didn't know what bananas kiwys, oranges are...we only have a small tv set etc etc

when comunism fell the market in some sectors was literally inexistent...people dressed allmost alike, because there wasn't variety, everything cost the same in all cities.

electronics?? well...radios and small black and white tvs...services? slave to the system and bribes. :D

so after 1989 we had a boom on the market... inflaton rose due to increasing demand and increasing wages...well foreign credits were used to import products not increase and improve infrastructure...
so IT ROSE HERE and we had the soviet union as neighbor...and it what happened here was really similar to what happened there

2007-03-01 21:38:41 · answer #1 · answered by Madeline 2 · 0 0

I don't have any hard statistics on it, but here is my take on it.
Since the Soviet Union was a command economy, there was not a whole lot of consumer choice, since they could only purchase what the government said was ok.
Once the command economy was replaced by a more market economy (in relation to the first), consumers had more choice. Since electronics is something many consumers desire, the spending upon these goods would increase as a result of individuals having more options.

2007-03-01 12:54:09 · answer #2 · answered by theeconomicsguy 5 · 0 0

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