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Explain the process of centralized planning …

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Explain the process of centralized planning in Russia

Posted by Nilay Sanghvi 7 years ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 7 years ago

Since the economy of Russia was suffering due to civil war, a process of centralized planning was introduced. There were targets set for five years assessing how the economy may work. These five year plans did boost up the economy. Industrial production increased between 1929 and 1933. New factories were established. However, this rapid construction led to poor working conditions.

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CBSE > Class 09 > Social Science