Question

How does the economic system of the USSR differ from that of America?

Answer 1

The USSR believed in communism while America in capitalism.

Communism means:

• Everyday people don't control the mass production of goods and services for the people, but instead, everyone in the community contributes and receives according to their needs. Everyone gets everything equal; including payment, food, houses, and resources.

Capitalism means:

• Everyday people and businesses control the mass production of goods and services for the people, not the government. Here, people control and own their own private properties. Everyone doesn't get anything equal; one person can get paid millions, have many houses, and eat luxurious foods, while another person can get paid minimum wage, have a small house, and have barely any resources to live off of.

Final note:

For economy, the U.S's was way (and still is) more advanced than the USSR.

Answer 2

Answer:The U.S. and the Soviet Union had different ideas about how to run an economy (business) and government. The U.S. believed in Capitalism – a system where ordinary people and businesses control the production of goods and services. ... The Soviet Union influenced Eastern Europe, while the U.S. influenced Western Europe.

Step-by-step explanation: