A Serious Obstacle to Labor Efficiency and a Drain on Resources

question 15

Short Answer

A serious obstacle to labor efficiency and a drain on resources in Russia before, during, and after the revolution is the chronic problem of ____________________.

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Definitions:

Portfolio Turnover

A measure of how frequently assets within a portfolio are bought and sold by the manager over a specific period.

Front-end Load

A fee charged to investors when they purchase shares in a mutual fund, usually used to compensate brokers or sales agents.

Back-end Load

A fee charged to investors when they redeem shares from a mutual fund, typically used to compensate financial advisors.

Annual Fees

Regular charges imposed once a year for the use of a service or the participation in an investment or credit facility.