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
|