Which among the following statements that describe the nature of Soviet economy is wrong? a. Socialism was the dominant ideology b. State ownership/control existed over the factors of production c. People enjoyed economic freedom d. Every aspect
Answers
Answer: (c) people enjoyed political freedom.
Explanation: There was no private ownership of land and all economic resources were owned by the government. Hence, the people of the Soviet Union did not enjoy any economic freedom.
Answer:
(c) People enjoyed economic freedom
Thisi statement that describe the nature of Soviet economy is wrong
Explanation:
The people of the Soviet economy did not enjoy economic freedom, as every economic policy will be framed by the state. There will be no institution of private property, and the society was based upon principles of economic equality.
(a) is correct because the Soviet economy is based upon the idea of socialism and communism intending to provide benefits and equal stature to all its citizens under an economic and social structure, all of whose aspects were managed and governed by the state.
(b) is correct as the state will have its control over every economic activity. Right from the production to the sale of goods, everything was controlled and owned by the state. All the land, labor and capital were owned by the state.
(d) is correct because the Soviet economy had propagated with the ideology of communism under which each and every aspect of the economy was owned by the state and distributed among its citizens equally.