Highlight any one consequence of "Shock Therapy". - Vidyadip

Question

Highlight any one consequence of "Shock Therapy".

✓

Answer

In Russia, the large state-controlled industrial complex almost collapsed, as about 90per cent of its industries were put up for sale to private individuals and companies at throwaway prices called as “the largest garage sale in history”.
The value of ruble declined dramatically and the inflation rate was so high that people lost their savings.
The Russian old system of social welfare was systematically destroyed and the withdrawal of government subsidies pushed large sections of the people into poverty.
Post-Soviet states, especially Russia, were divided between rich and poor regions resulting into great economic inequality.

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