Dynamic instability of a command economy Dynamic instability of a command economy

In 1991, the former Soviet Union collapsed. It was mainly because of an inefficiency of the command economy of socialism. The command economy brought about a downfall of productivity in all industries, a shortage of foodstuffs and consumer goods, an inceasing of government deficiets, an increasing timeworn production machines and equipment, defective infrastructures and a decrease in labor's volition. The government of Russia and other counties of the former Soviet Union are planning to shift from the centralized command economic system to the market economic system. This paper will theoretically analyze that the centralized command economic system has its own instability of socialism.

In 1991, the former Soviet Union collapsed. It was mainly because of an inefficiency of the command economy of socialism. The command economy brought about a downfall of productivity in all industries, a shortage of foodstuffs and consumer goods, an inceasing of government deficiets, an increasing timeworn production machines and equipment, defective infrastructures and a decrease in labor's volition. The government of Russia and other counties of the former Soviet Union are planning to shift from the centralized command economic system to the market economic system. This paper will theoretically analyze that the centralized command economic system has its own instability of socialism.