Explain the centralised planning introduced by the Russian government for economic development.
Answers
Answer:
A process of centeralised planning was introduced. Officals assessed how the economy could work and set target for five years period. On this basic they made the five year plans government fixed all the prices to promote industrial growth during the first two plans.
Explanation:
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Answer:
a. After the Bolsheviks came to power, a proper system of centralised planning was introduced.
b. The system was to help in technological development, economic growth and removal of social inequalities.
c. Officials prepared and assessed proper five year plans.
d. The government also determined the price of all the products in the first five year plans, which helped in reducing social inequalities
e. It brought about setting up of new industries.
f. It enhanced industrial production of oil, steel, coal.
g. Right to work became a constitutional right. It became duty of the state to provide employment to all. \
h. Cheap health care facilities was provided.
i. Model living quarters were set up for the workers
j. Day care facilities and creches were set up for the children of factory workers
k. A proper schooling system was set up
l. Efforts were made for workers and peasants to avail university education.