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Perestroika was a set of economic reforms that aimed to decentralise decision-making and implement market mechanisms in the Soviet economy. This includes creating a restricted consumer products market, forming joint ventures with foreign corporations, privatising some state-owned enterprises, and granting greater autonomy to stateowned enterprises. The Soviet leadership faced pushback from conservative factions and lacked experience with market systems, making reforms difficult to implement. Glasnost aspired to foster an open and transparent society, promoting freedom of expression and access to information. This included relaxing censorship rules, releasing political prisoners, and establishing independent media channels. However, Conservative factions within the Soviet government opposed these developments, fearing losing control over the population. Perestroika and Glasnost combined to have a significant impact on Soviet society, bringing in increased political and social liberty as well as economic growth. Nonetheless, it brought along significant obstacles and disruptions, such as rising inflation, consumer goods scarcity, and political unrest.