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

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Question

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

Options

  • 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 contained by the state.

MCQ
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Solution

People enjoyed economic freedom.

Explanation:

The Soviet political system was centered on the Communist Party, with no room for any other political party or opposition. The economy was solely planned and controlled by the state. The one-party system dominated all institutions and was unaccountable to the people.

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