1. State Ownership and Central
Planning
•State ownership- The Chinese and Soviet governments own everything.
•Central Planning- Both nations had a “command” economies and were
government directed.
• Planning Goals- Both nations relied on central government.

2. Examples and main ides
• The government owned all the factories, banks, and everything that made
money for the government.
• The government paid everyone the same.
• The central planners neglected consumer goods.