Question

explain the new economic policy of lenin ?​

Answer 1

Answer:

Lenin's new economic policy, issued by decree on March 21, 1921, temporarily reverted from full socialism to partial capitalism with the aim of rebuilding Russia's economy.

It allowed small businesses to make personal profits, while the state continued to regulate banks, foreign trade and large industries. Elements of capitalism such as personal gain and private ownership of land were allowed to revive the Russian economy.

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Answer 2

Answer:

Lenin characterized the NEP in 1922 as an economic system that would include "a free market and capitalism, both subject to state control," while socialized state enterprises would operate on "a profit basis." ... The NEP policy created a new category of people called NEPmen