Soviet economy

E853446

The Soviet economy was a centrally planned, state-controlled economic system characterized by government ownership of industry, collective agriculture, and production targets set by national plans rather than market forces.

All labels observed (7)

How this entity was disambiguated

Statements (75)

Predicate Object
instanceOf command economy ⓘ
planned economy ⓘ
socialist economy ⓘ
state-controlled economy ⓘ
agriculturalSystem collective farms ⓘ
state farms ⓘ
bankingSystem Gosbank monopoly ⓘ
basedOn Marxist–Leninist ideology ⓘ
linked to: Marxism–Leninism
characterizedBy administrative allocation of resources ⓘ
central planning ⓘ
chronic shortages of consumer goods ⓘ
collective agriculture ⓘ
emphasis on heavy industry ⓘ
limited private enterprise ⓘ
limited role of market forces ⓘ
military–industrial complex ⓘ
price controls ⓘ
production targets set by national plans ⓘ
soft budget constraints for enterprises ⓘ
state ownership of the means of production ⓘ
contributedTo Soviet Union becoming a superpower ⓘ
country Soviet Union ⓘ
declineContributedTo dissolution of the Soviet Union ⓘ
endTime 1991 ⓘ
experienced chronic consumer goods shortages ⓘ
economic stagnation in the 1970s and 1980s ⓘ
high military expenditure burden ⓘ
low labor productivity compared to Western economies ⓘ
period of extensive growth ⓘ
postwar reconstruction ⓘ
rapid industrialization in the 1930s ⓘ
severe wartime destruction during World War II ⓘ
technological lag in many civilian sectors ⓘ
firstMajorPlan First Five-Year Plan ⓘ
firstMajorPlanStartTime 1928 ⓘ
governedBy Communist Party of the Soviet Union ⓘ
hasPart Five-Year Plans ⓘ
Gosbank ⓘ
Gosplan ⓘ
Gossnab ⓘ
central ministries and branch ministries ⓘ
kolkhoz system ⓘ
sovkhoz system ⓘ
state-owned enterprises ⓘ
influenced economies of Eastern Bloc countries ⓘ
laborSystem guaranteed employment ⓘ
limited wage differentials ⓘ
state-controlled trade unions ⓘ
mainPlanningInstrument Five-Year Plan ⓘ
memberOf Council for Mutual Economic Assistance ⓘ
nationalCurrency Soviet ruble ⓘ
planningAgency Gosplan ⓘ
policyPeriod Khrushchev reforms ⓘ
linked to: de-Stalinization

Kosygin reforms ⓘ
New Economic Policy ⓘ
Stalinist command economy ⓘ
linked to: Soviet economy

perestroika reforms ⓘ
linked to: perestroika
reformedBy Mikhail Gorbachev ⓘ
reformProgram perestroika ⓘ
socialPolicy price subsidies for basic goods ⓘ
subsidized housing ⓘ
universal basic services in health and education ⓘ
startTime 1922 ⓘ
supervisedBy Council of Ministers of the USSR ⓘ
State Committee for Material and Technical Supply ⓘ
State Committee on Prices ⓘ
State Planning Committee ⓘ
tradePartner Eastern Bloc ⓘ
developing countries aligned with the USSR ⓘ
tradeSystem state monopoly on foreign trade ⓘ
transitionedTo market-oriented economies in successor states after 1991 ⓘ
usedMechanism administrative price setting ⓘ
centralized investment allocation ⓘ
material balances planning ⓘ
output quotas for enterprises ⓘ

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

Soviet merchant shipping → partOf → Soviet economy ⓘ
Narvskaya → hasTheme → Soviet industrialization ⓘ
linked to: Soviet economy
State Committee for Prices of the Soviet Union → usedInSystem → state price system of the USSR ⓘ
linked to: Soviet economy
Soviet economy → policyPeriod → Stalinist command economy ⓘ
linked to: Soviet economy
Sergo Ordzhonikidze → notableWork → Soviet industrialization ⓘ
linked to: Soviet economy
Grigori Grinko → partOf → Soviet economic leadership ⓘ
linked to: Soviet economy
VPK → influencedBy → Soviet central planning system ⓘ
linked to: Soviet economy