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New Economic Policy (NEP) was an economic policy introduced by Lenin after the failed methods of War communism. ... The New Economic Policies meant that Russia returned to a partly capitalist society. This sorted out the problems of mass starvation and Famine which War communism had caused.
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Economic reforms refer to the fundamental changes that were launched in 1991 with the plan of liberalizing the economy and for quickening it's rate of economic growth.
The essential features of the economic reforms are----
Liberalisation, Privatisation and Globalisation.
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