In the Soviet Union,greater equality and reduced poverty came at the cost of

Question

Quizplus · Accepted Answer

The Soviet Union's emphasis on equality and reduced poverty came at the cost of innovation and entrepreneurialism. The government's control and central planning of the economy resulted in a lack of incentive for individuals and businesses to take risks and develop new ideas. As a result, the USSR fell behind in technological advancements and struggled to diversify its industries beyond heavy manufacturing.

In the Soviet Union,greater Equality and Reduced Poverty Came at the Cost