Question

Explain the global infact of Russian revolution

Answer 1

Russian Revolution had brought to the world the command Economy which was a new concept to the world.

It had showed the global economy the planning system through which a country can develop itself instead of waiting for evolutionary timings.

It also showed the world that the Public sector can do wonders in Developing the Economy.

It had proved that there is another system called Communism which gives importance to the Labour

Russian products are sold at a very cheap rates than any other system can produce.

Abundance of wealth in the few hands is prevented by the Russian revolution by showing that if the produce is distributed properly among the factors of production.

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Zaid Ali | Secondary School ... Bye..

Answer 2

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Globally, Russian revolution had a far reaching impact.The Revolution led to the formation of communist parties in many countries often with the support of the Comintern. Socialism: Despite differences between communists and socialists, after the revolution socialism became one of the most widely held ideologies.