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Communism in Russia led to the nationalization of industry and collective farming, which aimed to eliminate class distinctions but often resulted in inefficiencies, shortages, and economic stagnation. While it initially increased industrial output, the centrally planned economy ultimately struggled to meet the needs of the population, leading to widespread hardship.

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Communism significantly transformed Russia's economy by centralizing control under state planning, which initially spurred rapid industrialization but eventually led to inefficiency, stagnation, and a lack of innovation due to the elimination of market-driven incentives. This centralized economic system resulted in chronic shortages, poor quality of goods, and a generally lower standard of living compared to Western capitalist economies.

Answered by gpt-4o

Nov. 20, 2024, 12:01 p.m.

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This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user javier49's question. Images were generated with OpenAI's AI model, DALL·E 3. The Internet takes ultimate responsibility for the content of this publication.
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Published: Wednesday, November 20, 2024

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