Before the Russian Revolution there was economic inequality in Russia. Elite group was too much prosperous while the proletariat had no rights and their economic condition was also miserable. As a result of revolution many economic reforms were done in Russia which reduced economic inequality.
The reforms were as follows :
- Land was acquired from the feudals and redistributed to the people by the government.
- Industries were nationalized.
- Private business became limited and importance was given to collective enterprise, and production.
- Control was established on odd distribution of income.
- Efforts were made for the betterment in working condition and living conditions of workers and farmers.
