how was centralised planning led to economic growth
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A process of centralised planning was introduced. Officials assessed how the economy could work and set Target for a five-year period. On this bases they made the five year period. The government fixed all prices to promote industrial growth during the first two plans (1927-1932 and 1933-1938). Centralised planning led to economic growth. Industrial production increased (between 1929 and 1933 by 100% in the case of oil,coal and steel). New factory cities came into being
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Industrial production increased by 100 percent in the case of oil, coal & steel and many new factory cities came into being.
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