The document discusses communism and command economies. Under communism, capital is owned by the government and production is controlled by workers. A command economy is one where the government controls production, distribution, and prices rather than market forces. The Soviet Union implemented a command economy where centralized government planners determined production levels, allocation of resources, and distribution of goods from the 1920s until its dissolution in 1991.

1. The Communist Economy By: STUDENT SAMPLE

2. Communism Communism is an economic system in which capital is owned by private government As a political movement, it is a more intense branch of the larger socialist movement. Communisms stresses the idea of the control of the earnings of producing economic goods in a society should be in the hands of those who spend their labor for construction Communism an economic system in which all property is publicly owned and each person is paid and works according to his or her needs and abilities.

3. The Command Economy An economy where supply and price are regulated by the government rather than market forces. Government planners decide what goods and services are produced and how they are distributed. Command Economies are sometimes called Centrally Planned Economies because a central command is in control of the economy. In fact, the government is the final authority to take decisions regarding production, utilization of the finished industrial products and the allocation of the revenues earned from their distribution.

4. Compare and Contrast Command vs. Traditional Command the government controls factors of production and in Traditional the factors of production are up to you. They had shared land between people. Command vs. Market Command is made by the government and Market is controlled by the individual. There are no similarities between these two economies, they are complete opposites.

5. Compare and Contrast (cont.) Command vs. Mixed Mixed is a market based economic system and government plays a limited role. Both Mixed and Command involve the government.

6. The Soviet Union

7. The Command Economy in the Soviet Union The Soviet Union came from Russia in 1917. Imperial rule in Russia fell when the Czar Nicholas II was forced to resign from his throne. The republican government was set up, but in November, it also came tumbling down. The Bolsheviks took over being led by Vladimir Lenin. Once he was in power they started to call themselves communists hoping that the central planned government would be reduced, and it was. In the 1920s, this continued until the breakup of the Soviet Union in the year 1991. The planners were mostly concerned about the actual building of the national power and standing in the international community. So they allocate the best labor, land, and capital to the armed forces, the space programs, and the production of the goods like factories and farming equipment. The most powerful committees running the system were responsible for deciding the production process, the quantity, and the distribution of 24 million different goods and services.