how did post USSR revived their economy?
Answers
Answer:
The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. The highly centralized Soviet-type economic planning was managed by the administrative-command system. The Soviet economy was characterized by state control of investment, a dependence on natural resources, shortages, public ownership of industrial assets, macroeconomic stability, negligible unemployment and high job security.[14]
Economy of
the Soviet Union
DneproGES 1947.JPG
The DniproHES hydro-electric power plant, one of the symbols of Soviet economic power, was completed in 1932
Currency
Soviet ruble (SUR)[1]
Fiscal year
1 January–31 December (calendar year)[1]
Trade organisations
Comecon, ESCAP and others[1]
Statistics
GDP
$0.82 trillion in 1977
(nominal; 2nd)
$1.21 trillion in 1980
(nominal; 2nd)
$1.57 trillion in 1982
(nominal; 2nd)
$2.2 trillion in 1985
(nominal; 2nd)
$2.66 trillion in 1989
(nominal; 2nd)[2]
GDP rank
2nd (1989 est.)[2][3]
GDP per capita
$5,800 in 1982
(nominal)
$9,211 in 1991
(GNP; 28th)[4]
GDP by sector
Agriculture: (1–2%)
Industry: (−2.4%)
(1991 est.)[1]
Inflation (CPI)
3% (89th) (1991)[5]
Gini coefficient
0.290 (1980 est.)
0.275 (1989 est.)[6]
Labour force
152.3 million (3rd)
(1989 est.)[7]
Labour force by occupation
80% in industry and other non-agricultural sectors; 20% in agriculture (1989 est.)[1]
Unemployment
1–2%[1]
Main industries
Petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, heavy industries, electronics, food processing, lumber, mining and the defense (1989 est.)[1]
External
Exports
$110.7 billion (9th)
(1989 est.)[8]
Export goods
Petroleum and petroleum products, natural gas, metals, wood, agricultural products and a wide variety of manufactured goods
(1989 est.)[1]
Explanation: