Virtually complete state ownership of the
means of production
Severe curtailment of money-commodity
relations (but not their complete elimination:
money retained its use as a measure of exchange, financial
accounting, and remuneration of labour)
Distortion of the law of value (prices
were determined not on the basis of the market supply and demand but
fixed by bureaucrats at their office desks)
Extremely rigid centralisation of economic
planning and management with minimal economic decision-making powers
left for republics and regions
Administrative distribution of resources
and commodities
