Gosplan

/ˈɡɔsplɑːn/ noun

Definition

The State Planning Committee of the Soviet Union that coordinated and controlled the national economy through central planning.

Etymology

From Russian 'Gosudarstvennyi Komitet po Planirovaniju' (State Planning Committee), shortened to 'Gosplan.' An acronym representing Soviet command-economy institutions.

Kelly Says

Gosplan was the economic brain of the Soviet Union, trying to plan an entire nation's production from a central office—an ambitious experiment that showed both the power and limits of total control!

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