Question

During the Cold war did Soviet Cold war economy command economy or free market economy

Answer 1

During the Cold War, the Soviet Union operated under a command economy. This means that the government controlled and planned the production and distribution of goods and services, rather than leaving it up to market forces. The Soviet economy was characterized by state ownership of the means of production, centralized planning, and heavy government intervention in economic activities. This system was in contrast to the free market economies of Western countries, where economic decisions are typically made by individual actors in response to supply and demand.