jan 1, 1965 - Kosygin reforms

Description:

Economic reform introduced by Alexei Kosygin—who had just become Premier of the Soviet Union following the removal of Khrushchev. A centerpiece of these changes was the introduction of profitability and sales as the two key indicators of enterprise success. Some of an enterprise's profits would go to three funds, used to reward workers and expand operations; most would go to the central budget.

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