WORLD HISTORY

COLD WAR ERA

IMPACT OF COLD WAR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Under Soviet communism, the ____ controlled all property and economic activity.
A
state/government
B
people
C
private businesses
D
None of the above
Explanation: 

Detailed explanation-1: -Notes:-In the Soviet system of communism the state controls all property and economic activity. In the Soviet Union there are no political parties under the totalitarian government.

Detailed explanation-2: -The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. An administrative-command system managed a distinctive form of central planning.

Detailed explanation-3: -Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided. The most important originators of communist doctrine were Karl Marx and Frederick Engels.

Detailed explanation-4: -In the Soviet system, the government dictated economic policy, rather than relying on free market mechanisms and the law of supply and demand. This required the government to intervene at all levels of the economy.

Detailed explanation-5: -The ideology of the Communist Party of the Soviet Union (CPSU) was Bolshevist Marxism–Leninism, an ideology of a centralised command economy with a vanguardist one-party state to realise the dictatorship of the proletariat.

There is 1 question to complete.