Question

Which among the following statements that describe the nature of Soviet economy is wrong?

विकल्प

• Socialism was the dominant ideology

• State ownership/control existed over the factors of production

• People enjoyed economic freedom

• Every aspect of the economy was planned and controlled by the State

Answer 1

People enjoyed economic freedom

Explanation:

The Soviet economy was entirely state-controlled and centrally planned, meaning the government made all decisions regarding production, distribution, and pricing. Because private property was largely abolished and replaced by state ownership, citizens did not possess individual economic freedom or free-market choices.