Which economic system is associated with Stalin's five-year plan?

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2026-03-26 06:30

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Stalin's five-year plans are associated with a command economy, which is a key feature of a socialist economic system. In this system, the government centrally plans and controls production, investment, and resource allocation to achieve rapid industrialization and economic growth. The five-year plans aimed to transform the Soviet Union from an agrarian society into an industrial powerhouse, prioritizing heavy industry and collectivization of agriculture.

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