>>211359462https://en.wikipedia.org/wiki/Economy_of_the_Soviet_Union
The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing.
There was no private capital. There were no capitalists. All of the manufacturing was planned centrally and happened at state owned factories
>Based on a system of state ownership, the Soviet economy was managed through Gosplan (the State Planning Commission), Gosbank (the State Bank) and the Gossnab (State Commission for Materials and Equipment Supply). Beginning in 1928, the economy was directed by a series of five-year plans, with a brief attempt at seven-year planning. For every enterprise, planning ministries (also known as the "fund holders" or fondoderzhateli) defined the mix of economic inputs (e.g. labor and raw materials), 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.[27] On the whole, the plans were overoptimistic and plagued by falsified reporting.[28]