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Camden
17 January, 10:18
What areas was the soviet economy successful in
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Carlee Larsen
17 January, 13:11
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The economy of the Soviet Union was based on a system of state ownership of the means of production, collective farming, industrial manufacturing and centralized administrative planning. The Soviet economy was characterized by state control of investment, a dependence on natural resources, shortages, public ownership of industrial assets, macroeconomic stability, negligible unemployment, high growth rates and high job security.
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