Economy, asked by Afreen3839, 1 year ago

Explain the meaning of new economic policy.What was its need ?

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Answered by Anonymous

3

Answer:

New Economic Policy (NEP), the economic policy of the government of the Soviet Union from 1921 to 1928, representing a temporary retreat from its previous policy of extreme centralization and doctrinaire socialism. ... Money was reintroduced into the economy in 1922 (it had been abolished under War Communism).

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