new economic policy

English - Turkish

Definition of new economic policy in English Turkish dictionary

Related Terms

new policy

(Bilgisayar) yeni ilke

English - English

Definition of new economic policy in English English dictionary

Economic policy of the Soviet Union (1921-28). A temporary retreat from the failed War Communism policy of extreme centralization and doctrinaire socialism, the new measures included the return of most agriculture, retail trade, and light industry to private ownership (though the state retained control of heavy industry, banking, transport, and foreign trade) and the reintroduction of money into the economy. The policy allowed the economy to recover from years of war. In 1928 chronic grain shortages prompted Joseph Stalin to begin to eliminate private ownership of farmland and to collectivize agriculture under state control, effectively ending the NEP. By 1931 state control was reimposed over all industry and commerce

method of managing economic affairs that was introduced in the Soviet Union in the 1920s, policy allowing a small degree of private enterprise while the state remained in control of the general economic situation

NEP

Hyphenation

new e·co·no·mic pol·i·cy

Turkish pronunciation

nyu ikınämîk pälısi

Pronunciation

/ˈnyo͞o ˌēkəˈnämək ˈpäləsē/ /ˈnjuː ˌiːkəˈnɑːmɪk ˈpɑːləsiː/