income producing property. Agriculture made up more than 100% of the economy, as privately owned farms were collectivized and put in the hands of the state, which was often resisted by opposing peasants. Overall, Armenia’s economy showed little to no progress, until its final independence in 1991, which in turn brought about a new day in the economic chapter of Armenia. Until independence, in the 80’s to 90’s, Armenia's economy was based largely on an industrial run agenda via the Soviet Union. Chemicals…
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