New Economic Policy

American  

[noo ek-uh-nom-ik -pol-uh-see, ee-kuh-, nyoo] / ˈnu ˌɛk əˈnɒm ɪk ˈˈpɒl ə si, ˌi kə-, ˈnyu /

noun

1. (in the Soviet Union) a program in effect from 1921 to 1928, reviving the wage system and private ownership of some factories and businesses, and abandoning grain requisitions. NEP, Nep, N.E.P.

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New Economic Policy British  

noun

1.  NEP.  an economic programme in the former Soviet Union from 1921 to 1928 that permitted private ownership of industries, etc

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Example Sentences

Yellen also met with the governor of Vietnam’s central bank, Nguyen Thi Hong, and announced a new economic policy dialogue between the State Bank of Vietnam and the U.S.

From Seattle Times

China has manufacturing surveys and the National People's Congress kicks off at the weekend and will see new economic policy targets and policies, as well as a reshuffling of government officials.

From Reuters

The Japanese premier told an event at the Guildhall that his new economic policy was an upgraded form of capitalism, in which public and private sectors worked together.

From Reuters

So far it had pursued “more of a strategy of deconstruction, rather than constructing a new economic policy,” she said.

From Reuters

It was the same address campaign officials had told members of the new economic policy committee to give to reporters when asked about their ties to Biden.

From Fox News