1988
DOI: 10.2753/pet1061-199130107
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Advances And Debts

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“…Competition was revived in some industries, concession capital came in, cooperation worked effectively, joint-stock companies were formed, leasing, intermediary entrepreneurship, and handicraft industry were restored. All this again became an integral part of economic life (Shmelev, 1989).…”
Section: Resultsmentioning
confidence: 99%
“…Competition was revived in some industries, concession capital came in, cooperation worked effectively, joint-stock companies were formed, leasing, intermediary entrepreneurship, and handicraft industry were restored. All this again became an integral part of economic life (Shmelev, 1989).…”
Section: Resultsmentioning
confidence: 99%
“…Thus, the period has witnessed the transformation of the Soviet system of centralized state monopolies whose basic purpose was maximization of total revenue[10] into a system of decentralized state and nonstate monopolies, oligopolies and monopolistic competition. Gradually, the latters’ short‐term aim has been oriented toward that of the non‐Soviet capitalist firm: profit maximization (loss minimization)[11].…”
Section: The Short‐run Allocation Of Resources By the Post‐soviet Enterprisementioning
confidence: 99%