Prior to the collapse of communism,communist countries worked on the premise that economic well-being could be best attained by

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Communist countries operated under a system of central planning by the government, where the state owned and controlled all means of production and made economic decisions. This was seen as the most efficient way to allocate resources and achieve economic well-being, according to communist ideology. However, this system proved to be inefficient and led to economic stagnation, which ultimately contributed to the collapse of communist regimes.

Prior to the Collapse of Communism,communist Countries Worked on the Premise