Soviet planning

Soviet planning refers to the economic system used in the Soviet Union, where the government controlled production and distribution through centralized planning. Instead of a free market, officials set goals for industries, farms, and services, outlining what to produce and how much. This system aimed to eliminate unemployment and ensure everyone had access to basic needs. While it achieved rapid industrialization, it often led to inefficiencies, shortages, and a lack of consumer choice. Ultimately, the rigid structure contributed to economic stagnation and was a factor in the dissolution of the Soviet Union in 1991.