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