The Bolshevik Revolution led Russia toward which type of economic system?

The Bolshevik Revolution led Russia toward which type of economic system?

• A. Capitalist
• B. Feudal
• C. Communist
• D. Mixed-market

Answer: (C)

The key idea is that the Bolshevik regime aimed to replace private ownership with state or collective ownership of the means of production and to organize the economy through planning rather than markets. After 1917, major industries and land were brought under state control, with production planned to meet collective needs and distribute goods according to need. Though wartime conditions led to temporary steps like War Communism and later the New Economic Policy allowed some private enterprise, the long-term goal of the Bolsheviks was to move toward a fully communist economic system rather than capitalism, feudalism, or a mixed-market setup.

The key idea is that the Bolshevik regime aimed to replace private ownership with state or collective ownership of the means of production and to organize the economy through planning rather than markets. After 1917, major industries and land were brought under state control, with production planned to meet collective needs and distribute goods according to need. Though wartime conditions led to temporary steps like War Communism and later the New Economic Policy allowed some private enterprise, the long-term goal of the Bolsheviks was to move toward a fully communist economic system rather than capitalism, feudalism, or a mixed-market setup.