Examine three reasons for the success of socialist economy in post revolution Russia
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Major changes came about in the Russian
economy and agriculture post revolution, private
property was abolished, land became a state
property, peasants could cultivate on state
controlled land.
b. A proper system of centralised planning was
introduced , by virtue of five year plans. It
helped in bringing about technological
advancements, economic growth and helped in
removing inequalities in the society.
c. The revolution acknowledged right to work,
and identified dignity of labour. Most
importantly, socialist economy redefined
democracy, giving a socio economic dimension
to it.
d. Socialist economy became acceptable to
people as it brought about extended system of
schooling, cheap medical facilities to all,
housing facilities for workers. It promoted the
principle of social welfare.
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