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The New Economic Policy (NEP) implemented in Soviet Russia in 1921 had a significant impact by transitioning the economy from war communism to a more market-oriented approach. It allowed for limited private enterprise and small-scale capitalism, which revitalized agricultural and industrial production, leading to increased output and improved living standards. However, it also reinforced the class divide, as wealth accumulation among some individuals contrasted sharply with the state's control over major industries. Overall, the NEP was a pragmatic response to economic crisis, facilitating recovery while maintaining the Communist Party's hold on power.
What else can I help you with?
Does the policy of New Economic Policy help in the improvement of trade and commerce of India-?
The policy of New Economic policy does help in the improvement of trade and commerce of India but the tariffs seem to be slowing the influx of new products.
What did Lenin call his economic program?
The New Economic Policy
WHAT DO YOU MEAN BY NEW ECONOMIC POLICY?
The New Economic Policy of India is an opening of India's commerce to the outside world and an allowing of incoming trade items.
Who was the creator of the New Economic Policy?
Lenin created the NEP in response to the Kronstadt Rising that occurred in March 1921, as these Kronstadt sailors were amongst his greatest supporters, and showed him that he obviously needed to change his policy from War Communism to the New Economic Policy.
New economic policy of India?
JUly 1991
What was the overall impact of the New Economic Policy(NEP)?
It helped Russia's weak economy to recover
What was the overall impact of the New Economics policy?
it helped russias weak economy to recover
What was the overall impact on the New Economis Policy in Russia?
It helped Russia's weak economy to recover.
What is new economic policy 1991 and what are the causes which forced India to adopt new economic policy 1991?
what are the causes for the evolment of new economic policy of india 1991
Who was the leader who oversaw the New Economic Policy in the Soviet Union?
Lenin instituted the New Economic Policy.
What is a economic consequence?
An economic consequence refers to the impact or effect of a specific event, decision, or policy on the economy or economic behavior. This can include changes in employment rates, consumer spending, inflation, or overall economic growth. For example, a new tax policy may lead to reduced disposable income for consumers, affecting their purchasing power and spending habits. Economic consequences can be both direct and indirect, influencing various sectors and stakeholders differently.
Does the policy of New Economic Policy help in the improvement of trade and commerce of India-?
The policy of New Economic policy does help in the improvement of trade and commerce of India but the tariffs seem to be slowing the influx of new products.
What did Lenin call his economic program?
The New Economic Policy
What does NEP stand for?
New Economic Policy
What did the new economic policy of 1921 do?
you are mental
What does NEP stand?
New Economic Policy
WHAT DO YOU MEAN BY NEW ECONOMIC POLICY?
The New Economic Policy of India is an opening of India's commerce to the outside world and an allowing of incoming trade items.
