1. Hungary developing
... agricultural land into an industrial-agricultural state. This transformation was carried out under a system of central planning patterned on that of the Soviet Union. Consumer desires were ignored, tight labor discipline was enforced, and living standards were depressed, so that the largest possible share of Hungary's resources could be used to develop an industrial base. Investment in industry was encouraged by ... a tax and subsidy structure that overpriced consumer goods and underpriced the components of heavy industrial goods. The highly centralize panning process often led to ineff...
- Word Count: 1630
- Approx Pages: 7
- Grade Level: Undergraduate