Question

Examine the reasons for the success of socialist economy in post revolution Russia.​

Answer 1

Explanation:

Socialist believed that every individual in the society should have equal ownership. Such individuals believed in socialism and in community ownership. Three reasons for the success of the socialist economy in post-revolution Russia were:

• They were given permission to the peasants to cultivate the land that had been socialised. To show that how collectively the work was done, they used land which was confiscated.

• Centralized planning became their main agenda according to which they made five-year plans. In the first two plans, prices were fixed by the government as they wanted to promote industrial growth. This led to economic growth.

• New industries were set up which led to the increase in the industrial production.

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Answer 2

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Socialist believed that every individual in the society should have equal ownership. Such individuals believed in socialism and in community ownership. Three reasons for the success of the socialist economy in post-revolution Russia were:

• They were given permission to the peasants to cultivate the land that had been socialised. To show that how collectively the work was done, they used land which was confiscated.

• Centralized planning became their main agenda according to which they made five-year plans. In the first two plans, prices were fixed by the government as they wanted to promote industrial growth. This led to economic growth.

• New industries were set up which led to the increase in the industrial production.