Name: Shock Therapy in Post-Communist Regimes
Uploaded: 2019-07-19
Duration: 10 min 58 s
Description: Understanding Shock Therapy in Post-Communist Regimes: A Journey Through Transition

Question

Mention any three features that distinguish the Soviet economy from that of a capitalist country like the US.

Accepted Answer

The three features that distinguish the Soviet economy from that of a capitalist country like the US are discussed below:

The Soviet Union had a complicated communication system, developed vast energy resources and efficient transport that had connectivity in all the areas.

The Soviet Union also produced every basic household products whose quality might vary from the products produced in the west.

The Soviet Union believed in maintaining basic standards of life and therefore, provided basic facilities that included health, education, children and other welfare schemes and programs.

The Soviet Union had no employment-related issues or in other words, there was an absence of unemployment.

The land and productive assets were directly controlled by the

Mention any three features that distinguish the Soviet economy from that of a capitalist country like the US.

Important Questions on The End of Bipolarity

Learn and Prepare for any exam you want !