wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Centralised planning was first adopted in the economy of _____.

A
Russia
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Poland
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
China
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
India
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Russia

A process of centralised planning was introduced in Russia as the Russian economy had suffered losses in the civil war. There were targets set for five years to develop the economy. These were the five years long plans that boosted the economy and industrial growth in Russia.


flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Business Environment
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon