Question

List 3 economic sectors that were privatised at the 10th party Congress in March 1921?​

Answer 1

Answer:

russian

Explanation:

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Answer 2

The 10th Party Congress of the Soviet Union, held in March 1921, marked a turning point in the country's economic policy, as it introduced the New Economic Policy (NEP). As part of the NEP, several economic sectors were opened up to private enterprise, a significant departure from the previous policy of nationalisation and state control of industry. Three economic sectors that were privatised at the 10th Party Congress in March 1921 are: Agriculrure, Small scale industry, Foreign trade

• Agriculture: The NEP allowed for private ownership of land and permitted farmers to sell their surplus produce on the open market. This led to an increase in agricultural productivity and output, as farmers were incentivised to work harder and innovate to increase their profits.
• Small-scale industry: The NEP allowed for the establishment of small private businesses in areas such as retail, light industry, and handicrafts. This created new opportunities for entrepreneurship and contributed to the growth of the economy.
• Foreign trade: The NEP allowed for foreign trade to be conducted by private enterprise, rather than being solely controlled by the state. This opened up new opportunities for international trade and investment, and helped to integrate the Soviet economy into the global marketplace.

• Overall, the privatisation of these economic sectors marked a significant shift in the Soviet Union's economic policy, as it recognised the importance of private enterprise and market forces in driving economic growth and development. However, the NEP was only a temporary measure, and in the 1930s, the Soviet Union would return to a policy of central planning and state control of the economy.

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