Abstract
The Soviet economy is a model for many nations that have followed the socialist form of economic development. Many of these states adopted a centrally-controlled and state dominated economy. An examination of their economies reveals that many socialist nations have followed the same pattern as the USSR. A centralised planning process, a system of fixed wages, established price controls, and extensive regulations govern the official economy. But alongside the official economy, a large unofficial economy, popularly called the second economy,1 has arisen, adding much flexibility to the economic system.
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© 1990 Maria Łoś
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Shelley, L.I. (1990). The Second Economy in the Soviet Union. In: Łoś, M. (eds) The Second Economy in Marxist States. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20422-9_2
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