-Elections are held with universal suffrage at 18. Once a President is elected he serves two consecutive 6-year terms and appoints a Prime Minister (formally known as the Chairman of the Government of the Russian Federation) who must also be approved by the State Duma, a lower house in the Federal Assembly.
How is the power divided?
3 main branches of government:
-Executive: President and the Prime Minister
-Judicial: Constitutional Court, Supreme Court, Supreme Court of Arbitration, Office of procurator general
-Legislative: The Federal Assembly
Explain the Political System:
-Currently attempting to become a more liberal democracy but is actually more of a "managed democracy" or a "sovereign democracy" because of President Putin's rule
-The main political parties in Russia as recognized by the State Duma: United Russia (main/biggest party), Communist Party of the Russian Federation, Liberal Democratic Party of Russia, A Just Russia.
-The President has the most power, followed by the Prime Minister who makes mostly in an administrative role.
-Elections to the State Duma are held every 5 years and it consists of 450 members. The role of this House is approve or dismiss all bills before they are sent to the Federal Assembly. The State Duma also deals with amnesty as well as the appointment of various chairmen to Central Bank of Russia or the Commissioner for Human Rights. Currently the biggest debate in Russia is whether the power of the government should be regional or central.
Externalities is defined as a cost or benefit that is not transmitted directly through prices.
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