Question

Mention any three features that distinguish the soviet economy from that of a capitalist country like US?​

Answer 1

Answer:

(i) Soviet state ensured a minimum standard of living for all citizens and the government subsidised basic necessities including health, education, childcare and other welfare schemes. (ii) There was no place for the institution of private property under the Soviet economy.

Answer 2

Answer:

The three features that distinguish the Soviet economy from that of a capitalist country like the US, can be summed up as follows: Soviet economy experienced a complex communication network, vast energy resources and an efficient transport sector to connect its remotest areas.

Explanation:

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