Economic System of Ukraine

954 WordsJun 8, 20134 Pages
------------------------------------------------- Economic Systems Culminating Task ------------------------------------------------- Ukraine In this report I will discuss and evaluate the economic system of Ukraine and attempt to address how Ukraine’s economic system affects its industries and people. Ukraine is located in eastern Europe, bordering the black sea between, Russia, Poland, Romania, and Moldava. Intro The economic system of Ukraine continues to change. In recent years, types and quantity of major goods and services have greatly increased. Ukraine, at a population of 46.6 million people, is one of Europe’s largest countries. Ukraine is an urban country with a rural population. In this report I will…show more content…
Ukraine operates as a mixed economy meaning it includes a variety of private and government control. Ukraine has a poor economic freedom, ranked last in Europe. Economic freedom is important because it affects every aspect of an individual’s life. Living in a society with high levels of economic freedom leads to higher incomes, lower poverty, less unemployment, longer life expectancies, and cleaner environments, among a host of other benefits. More economic freedom improves well-being and leads to a higher quality of life. Conclusion In conclusion, we see that economic activities and resources do affect quality of life in a country, as well as how it operates, as shown here in the Ukraine. Pollution from industries has a major impact in Ukraine and on the people. It effectively makes the country adapt. In addition, the fact that it is a mixed economy impacts the people because this represents cooperation between the different people within the country. Although, depending on which leader is in government the economic system could experience change in which again it will affect the people and industries. Bibliography "Ukraine." Encyclopædia Britannica. Encyclopædia Britannica Online Academic Edition. Encyclopædia Britannica Inc., 2013. Web. 14 May. 2013. <http://www.britannica.com/EBchecked/topic/612921/Ukraine>. "Ukraine: Economy." GlobalEDGE: Your Source for Global Business Knowledge. N.p., n.d. Web. 14 May
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