The End Of Bipolarity
Question
Mention any three features that distinguish the Soviet economy from that of a capitalist country like the US.
Solution
(i) Soviet state ensured a minimum standard of living for all citizens and the government subsidised basic necessities including health, education, childcare and other welfare schemes.
(ii) There was no place for the institution of private property under the Soviet economy.
(iii) State ownership was the dominant form of ownership; land and productive assets were owned and controlled by the Soviet State.
Some More Questions From The End of Bipolarity Chapter
What were the major consequences of the disintegration of the Soviet Union for countries likeIndia ?
What was Shock Therapy ? Was this the best way to make a transition from communism to capitalism ?
Write an essay for or against the following proposition : 'With the disintegration of the second world, India should change its foreign policy and focus more on friendship with the US rather than with traditional friends like Russia'.
Which was regarded to be the greatest symbol of the Cold War ?
When did the Berlin wall topple by the people?
Why is the fall of Berlin wall in 1989 considered as the end of bipolarity?
On which ideals was the Soviet system founded?
Mention two faults of the Soviet system.
Which state became the successor state of the USSR after its disintegration?
Who was Gorbachev? What had he tried to do in USSR?
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