main features of USSR system
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1. The soviet union (USSR) has the ‘’Socialist’’ model of economy that is all the resources and production powers were under the control of government.
2. USSR’s economy produced everything from pen to rocket (Tended to be self sufficient). And have almost negligible trade relation with any other nation.
3. Though the citizens (consumers) of USSR were unhappy due to lack of choices among the products available in the market that is they have no other way instead of consuming what the govt is producing.
4. A significantly large portion of the economy include the expenses over military, arms & weapons and satellites. Due to which ultimately the USSR’S economy shattered and further the soviet union was dissolved.
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