1.
Economy of the Soviet Union
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The economy of the Soviet Union was based on a system of state ownership of the means of production, collective farming, industrial manufacturing and centralized administrative planning. The economy was characterised by control of investment, public ownership of industrial assets, macroeconomic stability, negligible unemployment. Beginning in 1928, the course of the economy was guided by a series of Five-Year Plans. By the 1950s, the Soviet Union had, during the few decades. Impressive growth rates during the first three Five-Year Plans are particularly notable given that this period is nearly congruent with the Great Depression, during this period the Soviet Union encountered a rapid industrial growth while other regions were suffering from crisis. Nevertheless, the base upon which the Five-Year Plans sought to build meant that, at the commencement of Operation Barbarossa. The major strength of the Soviet economy was its enormous supply of oil and gas, as Daniel Yergin notes, the Soviet economy in its final decades was heavily dependent on vast natural resources–oil and gas in particular. However, Yergin goes on, world oil prices collapsed in 1986, after Mikhail Gorbachev came to power in 1985, he began a process of economic liberalisation towards a mixed economy. The complex demands of the economy and inflexible administration overwhelmed and constrained the central planners. Corruption and data fiddling became common practice among the bureaucracy by reporting fulfilled targets and quotas, from the Stalin-era to the early Brezhnev-era, the Soviet economy grew much slower than Japan and slightly faster than the United States. GDP levels in 1950 were 510 in the USSR,161 in Japan and 1456 in the US, by 1965 the corresponding values were 1011,587, and 2607. The USSRs relatively small consumer sector accounted for just under 60% of the countrys GDP in 1990, while the industrial and agricultural sectors contributed 22%, agriculture was the predominant occupation in the USSR before the massive industrialization under Joseph Stalin. The service sector was of low importance in the USSR, with the majority of the force employed in the industrial sector. The labor force totaled 152.3 million people, major industrial products included petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, lumber, mining, and defense industry. Based on a system of ownership, the Soviet economy was managed through Gosplan, Gosbank. Beginning in 1928, the economy was directed by a series of five-year plans, for every enterprise, planning ministries defined the mix of economic inputs, a schedule for completion, all wholesale prices and almost all retail prices. The planning process was based around material balances—balancing economic inputs with planned output targets for the planning period, from 1930 until the late 1950s, the range of mathematics used to assist economic decision-making was, for ideological reasons, extremely restricted. Industry was long concentrated after 1928 on the production of goods through metallurgy, machine manufacture
2.
Russian language
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Russian is an East Slavic language and an official language in Russia, Belarus, Kazakhstan, Kyrgyzstan and many minor or unrecognised territories. Russian belongs to the family of Indo-European languages and is one of the four living members of the East Slavic languages, written examples of Old East Slavonic are attested from the 10th century and beyond. It is the most geographically widespread language of Eurasia and the most widely spoken of the Slavic languages and it is also the largest native language in Europe, with 144 million native speakers in Russia, Ukraine and Belarus. Russian is the eighth most spoken language in the world by number of native speakers, the language is one of the six official languages of the United Nations. Russian is also the second most widespread language on the Internet after English, Russian distinguishes between consonant phonemes with palatal secondary articulation and those without, the so-called soft and hard sounds. This distinction is found between pairs of almost all consonants and is one of the most distinguishing features of the language, another important aspect is the reduction of unstressed vowels. Russian is a Slavic language of the Indo-European family and it is a lineal descendant of the language used in Kievan Rus. From the point of view of the language, its closest relatives are Ukrainian, Belarusian, and Rusyn. An East Slavic Old Novgorod dialect, although vanished during the 15th or 16th century, is considered to have played a significant role in the formation of modern Russian. In the 19th century, the language was often called Great Russian to distinguish it from Belarusian, then called White Russian and Ukrainian, however, the East Slavic forms have tended to be used exclusively in the various dialects that are experiencing a rapid decline. In some cases, both the East Slavic and the Church Slavonic forms are in use, with different meanings. For details, see Russian phonology and History of the Russian language and it is also regarded by the United States Intelligence Community as a hard target language, due to both its difficulty to master for English speakers and its critical role in American world policy. The standard form of Russian is generally regarded as the modern Russian literary language, mikhail Lomonosov first compiled a normalizing grammar book in 1755, in 1783 the Russian Academys first explanatory Russian dictionary appeared. By the mid-20th century, such dialects were forced out with the introduction of the education system that was established by the Soviet government. Despite the formalization of Standard Russian, some nonstandard dialectal features are observed in colloquial speech. Thus, the Russian language is the 6th largest in the world by number of speakers, after English, Mandarin, Hindi/Urdu, Spanish, Russian is one of the six official languages of the United Nations. Education in Russian is still a choice for both Russian as a second language and native speakers in Russia as well as many of the former Soviet republics. Russian is still seen as an important language for children to learn in most of the former Soviet republics, samuel P. Huntington wrote in the Clash of Civilizations, During the heyday of the Soviet Union, Russian was the lingua franca from Prague to Hanoi
3.
Bottom line
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In business, net income is an entitys income minus cost of goods sold, expenses and taxes for an accounting period. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit, net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a companys operating income to non-operating income, net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income, net earnings, often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is called the bottom line because it is typically found on the last line of a companys income statement. The items deducted will typically include tax expense, financing expense, likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, for a product company advertising, manufacturing, and design and development costs are included
4.
Gosplan
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The State Planning Committee, commonly known as Gosplan, was the agency responsible for central economic planning in the Soviet Union. The time of the October Revolution and the Russian Civil War which followed was a period of economic collapse. By 1919 hyperinflation had emerged, further pushing the struggling economic system of Soviet Russia towards total collapse, an ad hoc system remembered to history as Military Communism emerged. In the countryside food requisitions, often backed by brute force, in the midst of such chaos the mere idea of long-term economic planning remained a utopian dream during these first years of existence of Soviet Russia. It was not until the Civil War had drawn to a conclusion for the Bolsheviks in 1920 that serious attention was paid to the question of systematic planning for the Soviet economy. In March 1920 the Council of Workers and Peasants Defense was given a new name — the Council of Labor and Defense —, Gosplan was formally established by a Sovnarkom decree, dated 22 February 1921. Ironically, the decree was passed on the day that an article by Soviet leader V. I. Other members of Sovnarkom were more optimistic, however, and Lenin sustained a defeat on the establishment of another planning entity, as a compromise measure uniting the mission of the two planning entities, head of GOELRO Gleb Krzhizhanovsky was tapped to head Gosplan. Initially Gosplan had a function, with its entire staff consisting of just 34 people at the time of its April 1921 launch. These were selected on the basis of academic expertise in specialized aspects of industry, Gosplan quickly became a leading bureaucratic advocate for central planning and expanded investment in heavy industry, with Leon Trotsky one of the leading political patrons of the agency. In June 1922 a new decree further expanded Gosplans purview, with the agency directed to compose both long-term and immediate plans of production, Gosplan was to be consulted regarding proposed economic and financial decrees submitted to the Council of Peoples Commissars by the various economic Peoples Commissariats. Gosplan had no power of compulsion in this interval, but was forced to work through Sovnarkom, STO. The agencys economic calculations and policy suggestions remained largely abstract throughout the first half of the 1920s, with Gosplans desires, during 1925 Gosplan started creating annual economic plans, known as control numbers. With the introduction of five-year plans in 1928, Gosplan became responsible for their creation and supervision according to the objectives declared by the All-Russian Communist Party, during 1930 the Statistical Directorate was merged into Gosplan, and on 3 February 1931 Gosplan was resubordinated to the Sovnarkom. These were, respectively, tasked with predictive and immediate planning, the work of the latter was based on the five-year plans delivered by Gosplan, with Gosplan planning 10–15 years ahead. Gosplan was headquartered at the now occupied by the State Duma. The introduction of the first five-year plan in 1928 led to a re-examination of the roles of Gosplan and VSNKh and this re-examination of roles was required because VSNKh itself also had responsibility for planning through the Industrial Planning Commission. In order to ensure the success of the plan it was necessary to ensure that inputs from one part of the economy matched outputs from another part of the economy, Gosplan achieved this using a methodology called the system of material balances
5.
Black market
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Parties engaging in the production or distribution of prohibited goods and services are members of the illegal economy. Examples include the trade, prostitution, illegal currency transactions. Violations of the tax code involving income tax evasion constitutes membership in the unreported economy, because tax evasion or participation in a black market activity is illegal, participants will attempt to hide their behavior from the government or regulatory authority. Cash usage is the medium of exchange in illegal transactions since cash usage does not leave a footprint. Common motives for operating in markets are to trade contraband, avoid taxes and regulations. Typically the totality of such activity is referred to with the article as a complement to the official economies, by market for such goods and services. Black money is the proceeds of a transaction, on which income and other taxes have not been paid. Because of the nature of the black economy it is not possible to determine its size. There is no single underground economy, there are many and these underground economies are omnipresent, existing in market oriented as well as in centrally planned nations, be they developed or developing. Different types of activities are distinguished according to the particular institutional rules that they violate. Illegal economy participants engage in the production and distribution of prohibited goods and services, such as trafficking, arms trafficking. The unreported economy consists of economic activities that circumvent or evade the institutionally established fiscal rules as codified in the tax code. A summary measure of the economy is the amount of income that should be reported to the tax authority but is not so reported. A complementary measure of the economy is the tax gap. In the U. S. unreported income is estimated to be $2 trillion resulting in a tax gap of $450–$500 billion, the unrecorded economy consists of those economic activities that circumvent the institutional rules that define the reporting requirements of government statistical agencies. A summary measure of the economy is the amount of unrecorded income. Unrecorded income is a problem in transition countries that switched from a socialist accounting system to UN standard national accounting. New methods have been proposed for estimating the size of the unrecorded economy, but there is still little consensus concerning the size of the unreported economies of transition countries
6.
Post-Soviet states
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On March 11,1990, Lithuania was the first to declare its independence, with Estonia and Latvia following suit in August 1991. All three Baltic states claimed continuity from the states that existed prior to their annexation by the Soviet Union in 1944 and were admitted to the United Nations on 17 September 1991. The remaining 12 republics all subsequently seceded,12 of the 15 states, excluding the Baltic states, initially formed the CIS and most joined CSTO, while the Baltic states focused on European Union and NATO membership. The 15 post-Soviet states are divided into the following five groupings. Each of these regions has its own set of traits, owing not only to geographic and cultural factors. In addition, there are a number of de facto independent, the dissolution of the Soviet Union took place as a result and against the backdrop of general economic stagnation, even regression. In all, the process triggered severe economic declines, with Gross Domestic Product dropping by more than 40% overall between 1990 and 1995. This decline in GDP was much more intense than the 27% decline that the United States suffered in the wake of the Great Depression between 1930 and 1934. The economic shocks associated with wholesale privatization resulted in the deaths of roughly 1 million working age individuals throughout the former Soviet bloc in the 1990s, by 2007,10 of the 15 post-Soviet states had recovered and reached GDP greater than what they had in 1991. Only Moldova, Ukraine, Georgia, Kyrgyzstan, and Tajikistan had GDP significantly below the 1991 level, the recovery in Russia was marginal, with GDP in 2006-2007 just nudging above the 1991 level. Combined with the aftershocks of the 1998 economic crisis it led to a return of more interventionist economic policies by Vladimir Putins administration. Change in Gross Domestic Product in constant prices, 1991-2015 *Economy of most Soviet republics started to decline in 1989-1990, **The year when GDP decline switched to GDP growth. List of the present Gross domestic product, The post-Soviet states listed according to their Human Development Index scores, only organizations that are mainly composed of post-Soviet states are listed in this section, organizations with wider memberships are not discussed. The 15 post-Soviet states are divided in their participation to the blocs, Belarus, Russia. It was conceived as an organization to the USSR. It currently consists of nine of the 15 former Soviet republics, with one participating state, Georgia withdrew from the CIS in August 2008. The sole exception to the above has been their recent membership in the Community of Democratic Choice, the Central Asian states of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan are members of the CIS and participate in several regional organizations that have Russia as a primary mover. Such organizations are the Eurasian Economic Community, Collective Security Treaty Organization, the last two groups only became distinct once Uzbekistan withdrew from GUAM and sought membership in EurAsEc and CSTO
7.
Kazakhstan
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Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country in northern Central Asia and Eastern Europe. Kazakhstan is the worlds largest landlocked country, and the ninth largest in the world, Kazakhstan is the dominant nation of Central Asia economically, generating 60% of the regions GDP, primarily through its oil/gas industry. It also has vast mineral resources, Kazakhstan is officially a democratic, secular, unitary, constitutional republic with a diverse cultural heritage. Kazakhstan shares borders with Russia, China, Kyrgyzstan, Uzbekistan, and Turkmenistan, the terrain of Kazakhstan includes flatlands, steppe, taiga, rock canyons, hills, deltas, snow-capped mountains, and deserts. Kazakhstan has an estimated 18 million people as of 2014, Given its large area, its population density is among the lowest. The capital is Astana, where it was moved in 1997 from Almaty, the territory of Kazakhstan has historically been inhabited by nomadic tribes. This changed in the 13th century, when Genghis Khan occupied the country as part of the Mongolian Empire, following internal struggles among the conquerors, power eventually reverted to the nomads. By the 16th century, the Kazakh emerged as a distinct group, the Russians began advancing into the Kazakh steppe in the 18th century, and by the mid-19th century, they nominally ruled all of Kazakhstan as part of the Russian Empire. Following the 1917 Russian Revolution, and subsequent civil war, the territory of Kazakhstan was reorganised several times, in 1936, it was made the Kazakh Soviet Socialist Republic, part of the Soviet Union. Kazakhstan was the last of the Soviet republics to declare independence during the dissolution of the Soviet Union in 1991, Kazakhstan has worked to develop its economy, especially its dominant hydrocarbon industry. Kazakhstans 131 ethnicities include Kazakhs, Russians, Uzbeks, Ukrainians, Germans, Tatars, the Kazakh language is the state language, and Russian has equal official status for all levels of administrative and institutional purposes. The name Kazakh comes from the ancient Turkic word qaz, to wander, the name Cossack is of the same origin. The Persian suffix -stan means land or place of, so Kazakhstan can be translated as land of the wanderers. Kazakhstan has been inhabited since the Neolithic Age, the regions climate, archaeologists believe that humans first domesticated the horse in the regions vast steppes. Central Asia was originally inhabited by the Scythians, the Cuman entered the steppes of modern-day Kazakhstan around the early 11th century, where they later joined with the Kipchak and established the vast Cuman-Kipchak confederation. Under the Mongol Empire, the largest in history, administrative districts were established. These eventually came under the rule of the emergent Kazakh Khanate, throughout this period, traditional nomadic life and a livestock-based economy continued to dominate the steppe. Nevertheless, the region was the focus of ever-increasing disputes between the native Kazakh emirs and the neighbouring Persian-speaking peoples to the south, at its height the Khanate would rule parts of Central Asia and control Cumania
8.
International Standard Book Number
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The International Standard Book Number is a unique numeric commercial book identifier. An ISBN is assigned to each edition and variation of a book, for example, an e-book, a paperback and a hardcover edition of the same book would each have a different ISBN. The ISBN is 13 digits long if assigned on or after 1 January 2007, the method of assigning an ISBN is nation-based and varies from country to country, often depending on how large the publishing industry is within a country. The initial ISBN configuration of recognition was generated in 1967 based upon the 9-digit Standard Book Numbering created in 1966, the 10-digit ISBN format was developed by the International Organization for Standardization and was published in 1970 as international standard ISO2108. Occasionally, a book may appear without a printed ISBN if it is printed privately or the author does not follow the usual ISBN procedure, however, this can be rectified later. Another identifier, the International Standard Serial Number, identifies periodical publications such as magazines, the ISBN configuration of recognition was generated in 1967 in the United Kingdom by David Whitaker and in 1968 in the US by Emery Koltay. The 10-digit ISBN format was developed by the International Organization for Standardization and was published in 1970 as international standard ISO2108, the United Kingdom continued to use the 9-digit SBN code until 1974. The ISO on-line facility only refers back to 1978, an SBN may be converted to an ISBN by prefixing the digit 0. For example, the edition of Mr. J. G. Reeder Returns, published by Hodder in 1965, has SBN340013818 -340 indicating the publisher,01381 their serial number. This can be converted to ISBN 0-340-01381-8, the check digit does not need to be re-calculated, since 1 January 2007, ISBNs have contained 13 digits, a format that is compatible with Bookland European Article Number EAN-13s. An ISBN is assigned to each edition and variation of a book, for example, an ebook, a paperback, and a hardcover edition of the same book would each have a different ISBN. The ISBN is 13 digits long if assigned on or after 1 January 2007, a 13-digit ISBN can be separated into its parts, and when this is done it is customary to separate the parts with hyphens or spaces. Separating the parts of a 10-digit ISBN is also done with either hyphens or spaces, figuring out how to correctly separate a given ISBN number is complicated, because most of the parts do not use a fixed number of digits. ISBN issuance is country-specific, in that ISBNs are issued by the ISBN registration agency that is responsible for country or territory regardless of the publication language. Some ISBN registration agencies are based in national libraries or within ministries of culture, in other cases, the ISBN registration service is provided by organisations such as bibliographic data providers that are not government funded. In Canada, ISBNs are issued at no cost with the purpose of encouraging Canadian culture. In the United Kingdom, United States, and some countries, where the service is provided by non-government-funded organisations. Australia, ISBNs are issued by the library services agency Thorpe-Bowker
