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What is one of the primary reasons for the collapse of Socialist Communist economic systems particularly in the Soviet Union?
Wiki User
∙ 6y ago
The Soviet Union was an example of a state capitalist economy. Socialism means no money, no classes, no government.
paulbenn
One of the primary reasons for the collapse of socialist communist economic systems, particularly in the Soviet Union, was the failure of centralized planning. This led to inefficiencies, inadequate allocation of resources, and the inability to respond to changing market conditions. Additionally, widespread corruption and a lack of innovation stifled economic growth and contributed to the system's eventual downfall.
Wiki User
∙ 6y ago5 milllllllllllllllion dollars, boi!
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Planned
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What is China's economic systems?
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Why is Karl Marx remembered?
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What kind of economic system do Vietnam have?
a communist state. Also It has an unlimited government and its an authority based government. The Socialist Republic of Vietnam is a single-party socialist state having a communist government.
When was Economic Calculation in the Socialist Commonwealth created?
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What led to the the collapse of the soviet union?
soviet economic collapse
What happened to banks and businesses in the economic collapse?
Many businesses and banks were forced to close during the economic collapse.
