Title: Economy of the Soviet Union
Content:  The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. The highly centralized Soviet-type economic planning was managed by the administrative-command system. The Soviet economy was characterized by state control of investment, a dependence on natural resources, shortages, public ownership of industrial assets, macroeconomic stability, negligible unemployment and high job security. Beginning in 1928, the course of the economy of the Soviet Union was guided by a series of five-year plans. By the 1950s, the Soviet Union had rapidly evolved from a mainly agrarian society into a major industrial 
Title: Economic system
Content:  of money would be replaced with a different measure of value and accounting tool that would embody more accurate information about an object or resource. In practice, the economic system of the former Soviet Union and Eastern Bloc operated as a command economy, featuring a combination of state-owned enterprises and central planning using the material balances method. The extent to which these economic systems achieved socialism or represented a viable alternative to capitalism is subject to debate. In orthodox Marxism, the mode of production is tantamount to the subject of this article, determining with a superstructure of relations the entirety of a given culture or stage of human development.
Title: Deindustrialisation by country
Content:  Prior to its dissolution in 1991, the Soviet Union had the second largest economy in the world after the United States. The economy of the Soviet Union was the world's first and most notable centrally planned economy. It was based on a system of state ownership and managed through Gosplan (the State Planning Commission), Gosbank (the State Bank) and Gossnab (State Commission for Materials and Equipment Supply). Economic planning was through a series of five-year plans. The emphasis was put on rapid development of heavy industry, and the nation became one of the world's top manufacturers of a large number of basic and 
Title: Socialism
Content:  communist states of the 20th century, where it was combined with a single-party political system. In a centrally planned economy, decisions regarding the quantity of goods and services to be produced are planned in advance by a planning agency (see also the analysis of Soviet-type economic planning). The economic systems of the Soviet Union and the Eastern Bloc are further classified as "command economies", which are defined as systems where economic coordination is undertaken by commands, directives and production targets. Studies by economists of various political persuasions on the actual functioning of the Soviet economy indicate that it was not actually a planned economy. Instead of 
Title: Production for use
Content:  as party-state capitalism. The economy of the Soviet Union was based upon capital accumulation for reinvestment and production for profit; the difference between it and Western capitalism was that the USSR achieved this through nationalized industry and state-directed investment, with the eventual goal of building a socialist society based upon production for use and self-management. Vladimir Lenin described the USSR economy as "state-monopoly capitalism" and did not consider it to be socialism. During the 1965 Liberman Reforms, the USSR re-introduced profitability as a criterion for industrial enterprises. Other views argue the USSR evolved into a non-capitalist and non-socialist system characterized by control and subordination of society by party and government officials who coordinated the economy; this can be called bureaucratic collectivism.
Title: Soviet Union
Content:  [[File:Gdp per capita 1965.png|thumb|upright=1.2|The Soviet Union in comparison to other countries by GDP (nominal) per capita in 1965 based on a West-German school book (1971)The Soviet Union adopted a command economy, whereby production and distribution of goods were centralized and directed by the government. The first Bolshevik experience with a command economy was the policy of War communism, which involved the nationalization of industry, centralized distribution of output, coercive requisition of agricultural production, and attempts to eliminate money circulation, private enterprises and free trade. After the severe economic collapse, Lenin replaced war communism by the New Economic Policy (NEP) in 1921, legalizing free trade and private ownership 
Title: Economic planning
Content:  The Soviet Union was the first national economy to attempt economic planning as a substitute for factor market allocation. Soviet-type economic planning took form in the 1930s and largely remained unchanged despite mild reforms until the Soviet Union's dissolution. Soviet economic planning was centralized and organized hierarchically, with a state planning agency such as the Gosplan establishing target rates for growth and the Gossnab allocating factor inputs to enterprises and economic units throughout the national economy. The national plan was broken down by various ministries, which in turn used the plan to formulate directives for local economic units which implemented them. The system used material balance planning. Economic information, including consumer demand and enterprise resource requirements, were aggregated to balance supply from 
Title: Michael Kaser
Content:  Soviet Economics (1970) gives an overview of the economic system of the Union of Soviet Socialist Republics (USSR) from its foundation until the cautious economic reforms of Khrushchev and Brezhnev. The study examines the evolving political priorities of the communist party leadership in the context of the Marxist theoretical framework; the challenges of the Civil War; foreign intervention and the 1941 invasion; post-war reconstruction; and the attempt to gain military and economic parity with the USA. At each point, Kaser describes how the internal dialogue between enterprises, consumers and the state apparatus influenced the strategies adopted for economic growth and agricultural and industrial development. Kaser highlights the contributions made to the 
Title: Socialist economics
Content:  intermediate production goods and services. The Soviet economy was brought to balance by the interlocking of three sets of calculation, namely the setting up of a model incorporating balances of production, manpower and finance. The exercise was undertaken annually and involved a process of iteration (the "method of successive approximation"). Although nominally a "centrally planned" economy, in reality formulation of the plan took place on a more local level of the production process as information was relayed from enterprises to planning ministries. Aside from the Soviet Union and Eastern Bloc economies, this economic model was also utilized by the People's Republic of China, Socialist Republic of Vietnam, Republic of Cuba and North Korea.
Title: Economic history of the Russian Federation
Content:  For about 69 years, the Russian economy and that of the rest of the Soviet Union operated on the basis of a centrally planned economy, with a state control over virtually all means of production and over investment, production, and consumption decisions throughout the economy. Economic policy was made according to directives from the Communist Party, which controlled all aspects of economic activity. Since the collapse of Communism in the early 1990s, Russia has experienced difficulties in making the transition from a centrally planned economy to a market based economy. Much of the structure of the Soviet economy that operated until 1987 originated under the 

Question: what type of economic system was utilized in the soviet union?
Answer: communism.
state ownership.