Post-war Years
The first postwar years saw implementation of Soviet-style five-year plans and reconstruction through massive voluntary work. The countryside was electrified and heavy industry was developed. The economy was organized as a mixed planned socialist economy and a decentralized, worker managed market socialist economy: factories were nationalized, and workers were entitled to a certain share of their profits.
Privately owned craftshops could employ up to 4 people per owner. The land was partially nationalised and redistributed, and partially collectivised. Farmer households could own up to 10 hectares of land per person and the excess farmland was owned by co-ops, agricultural companies or local communities. These could sell and buy land, as well as give it to people in perpetual lease.
Read more about this topic: Economy Of The Socialist Federal Republic Of Yugoslavia
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