Who controlled the economy in the soviet system?a)Federalb)Governmentc...
In the Soviet system, the economy was controlled by the state. This means that the government had complete control over all aspects of the economy, including production, distribution, and pricing. The Soviet Union was a command economy, which meant that the state planned and directed economic activity through a series of five-year plans.
Control over the economy was exercised through a centralized planning system, which was overseen by the Communist Party. The State Planning Committee (Gosplan) was responsible for creating and implementing the five-year plans, which set production targets for each industry and region of the country. The government also controlled the prices of goods and services, and allocated resources according to the priorities set out in the plans.
Under the Soviet system, private ownership of the means of production was abolished, and all enterprises were owned and operated by the state. This included everything from large industrial factories to small retail shops. The state also controlled the distribution of goods and services, including food, clothing, and housing.
Overall, the Soviet system was designed to create a centrally planned, socialist economy that was focused on meeting the needs of the people rather than maximizing profits for private individuals or corporations. While this system was successful in achieving some of its goals, such as rapid industrialization and improving access to education and healthcare, it also led to inefficiencies, shortages, and other economic problems.
Who controlled the economy in the soviet system?a)Federalb)Governmentc...
Because socialism was ideology of state where it had to provide minimum living standard to each one .by captalism it was not passible
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