The centralized economic planning practiced in the Soviet Union constituted a command economy.

Question

Quizplus · Accepted Answer

This is because in a command economy, the government makes all major economic decisions including what goods to produce, how much to produce, and how to distribute them. In the Soviet Union, the government controlled all economic activity and established five-year plans outlining production goals for different sectors of the economy.

The Centralized Economic Planning Practiced in the Soviet Union Constituted