Question

How were the economic ideologies of the United States and the Soviet Union different during the Cold War?

Question 2 options:

The United States' economic ideology was a command economy, while the Soviet Union's economic ideology was capitalism.


The United States' economy was based on private ownership of property; the Soviet Union's economy was based on government ownership of property.


The United States' economic system was based on socialism, the Soviet Union's economy was based on the commune system.


The United States' economy was based on the idea of collectivism; the Soviet Union's economy was based on laissez faire philosophy.

Answer 1

Answer: The us economy was based on private ownership. The soviet’s economy was based on government ownership

Explanation: The us operated on capitalism, which emphasized the importance of private ownership. The Soviet Union used communism, where the government controlled most aspects of life