Soviet-type economic planning

GPTKB entity

Statements (79)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:abolished 1991 (Soviet Union)
gptkbp:alsoKnownAs command economy
gptkbp:contrastsWith market economy
mixed economy
gptkbp:criticizedFor bureaucracy
inefficiency
lack of innovation
surpluses
shortages
gptkbp:feature price controls
material balances
administrative command
centralized planning
limited private enterprise
state ownership of means of production
input-output tables
state monopoly on foreign trade
emphasis on quantity over quality
five-year plans
absence of market allocation
waste of resources
production targets
absence of competition
central allocation of resources
centralized investment decisions
chronic shortages (in some sectors)
emphasis on quantitative targets
employment guarantees
lack of consumer goods
lack of profit motive
limited consumer choice
limited role for money
overfulfillment of plans
plan fulfillment bonuses
political control over economy
priority to heavy industry
rationing (in some periods)
shadow economy (as a result)
soft budget constraints
state-determined prices
state-determined wages
gptkbp:goal full employment
rapid industrialization
collectivization
socialist construction
elimination of private property
https://www.w3.org/2000/01/rdf-schema#label Soviet-type economic planning
gptkbp:implementedIn gptkb:Gosplan
gptkbp:influencedBy Marxist-Leninist theory
gptkbp:keyInstitution gptkb:Gosplan
gptkb:Gossnab
State Committee for Prices
ministries of industry
gptkbp:notableExample gptkb:Albania
gptkb:Bulgaria
gptkb:Cuba
gptkb:Czechoslovakia
gptkb:East_Germany
gptkb:Hungary
gptkb:Mongolia
gptkb:North_Korea
gptkb:Poland
gptkb:Romania
gptkb:Soviet_Union
gptkb:Vietnam
People's Republic of China (before 1978)
gptkbp:originatedIn 1920s
gptkbp:relatedTo planned economy
socialist economy
war communism
gptkbp:replacedBy gptkb:perestroika
market reforms
gptkbp:usedIn gptkb:Soviet_Union
gptkb:Eastern_Bloc
People's Republic of China (pre-reform)
gptkbp:bfsParent gptkb:Economics_of_Socialism
gptkb:Soviet_planning_model
gptkbp:bfsLayer 8