What was the Soviet command economy?

While initially experiencing rapid economic growth, the Soviet command economy collapsed after it grew more complex. read more

The economy of the Soviet Union (Russian: экономика Советского Союза) was based on a system of state ownership of the means of production, collective farming, industrial manufacturing and centralized administrative planning. read more

The command economy of the USSR was ALWAYS growing in GDP every single year as opposed to Western nations where the economy was vulnerable to unpredictable changes that could and would result in financial crises (recessions for example). read more

The Soviet command economy coordinated economic activity through the issuance of directives, by setting social and economic targets, and by instituting regulations. Soviet leaders decided on the state's overarching social and economic goals. read more