Soviet Command Economy and Five-Year Plans
Source: Soviet Union - Command Economy, Five-Year Plans, Collectivization (2025-06-27)
The Soviet Union operated under a command economy, where the government controlled production and distribution. Central planning was implemented through a series of Five-Year Plans aimed at rapid industrialization and collectivization of agriculture. These policies transformed the Soviet economy, focusing on heavy industry and collective farming to boost national growth. The approach played a significant role in shaping the country's economic and social landscape during the 20th century.
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