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Economy of the Soviet Union
English Wikipedia - The Free Encyclopedia
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Economy of the Soviet Union
The
economy of the Soviet Union
was based on a system of
state ownership
of the
means of production
,
collective farming
, industrial manufacturing and
centralized administrative planning
. The economy was characterised by state control of investment, public ownership of industrial assets,
macroeconomic stability
, negligible
unemployment
and high
job security
.
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