1. In the Soviet Union, government owned firms: were highly productive since the
ID: 1136517 • Letter: 1
Question
1. In the Soviet Union, government owned firms:
were highly productive since they did not need to waste time finding out what consumers wanted. They only had to satisfy the planners at GOSPLAN.
were famously unproductive since they did not have to satisfy millions of consumers, they only had to satisfy GOSPLAN.
had an enviable record of producing high quality consumer goods.
were able to out-compete privately owned Russian firms. The superiority of the government owned firms was so great that all private owners voluntarily agreed to join the state owned system.
The planning system employed by GOSPLAN in the Soviet Union:
caused the economy to be dramatically more efficient than in capitalist systems. Once the profit motive was removed the government planners could concentrate on what consumers really wanted.
led to much higher productivity than in capitalist systems. This was due to superior utilization of raw materials in the production process.
led to surpluses of grain that were exported to western countries.
led to stagnating growth due to bureaucratic inefficiency and lack of a proper incentive system.
The difference in GDP per capita between the Soviet Union and Western Europe:
was at their greatest during WWII.
was at their greatest in the late 1980's, right before the collapse of the Soviet Union.
was declining all during the post WWII period up to the 1980's when the gap started widening again.
was increasing all during the post WWII period with the Soviets beating Western Europe by leaps and bounds.
The Soviet Union's centrally planned economy grew at its fastest rate:
During the period of War Communism from 1918 to 1921.
During the period of the New Economic Plan from 1921 to 1928.
right after WWII from 1950 to 1960.
during the 1980's when growth hit an all time high of 7.2%.
The historical record shows that:
caused the economy to be dramatically more efficient than in capitalist systems. Once the profit motive was removed the government planners could concentrate on what consumers really wanted.
led to much higher productivity than in capitalist systems. This was due to superior utilization of raw materials in the production process.
led to surpluses of grain that were exported to western countries.
led to stagnating growth due to bureaucratic inefficiency and lack of a proper incentive system.
Explanation / Answer
Ans
Were famously unproductive..... E. G progress in electronic goods was measured by steel used in fridges etc but modern fridges actually use less steel
2 D is right. In 80s and 90s finally economy collapsed
3 c is right. After 80s it lacked afain
4 b is right
5 A is right. Experience of ussr, Cuba etc support this
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