The collapse of the Soviet Union's central-planned economy vindicates that resources' allocation under communist rule was woefully deficient and ultimately gave way to a market economy. For the successful transformation from communism, entrepreneurship is immediately needed.This study highlights...

Russia has experienced a radical economical and political change since the end of the 1980s. As a transition economy, Russia needs to usher in the entrepreneurial activities to transform from the self-interest disparaged communism to the capitalism, which encourages profit-seeking. After two...