What Do Perestroika and Glasnost Mean? How Do These Concepts

question 110

Essay

What do perestroika and glasnost mean? How do these concepts relate to the Russian economy?

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Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Distribution

The process of taking goods from production to consumption.

Production to Consumption

The process that encompasses all stages from the creation of goods and services to their final use by consumers.

Standardization

The process of implementing and developing technical standards to ensure consistency and compatibility of products and services.