New Economic Policy
[ noo-ek-uh-nom-ik -pol-uh-see, ee-kuh-, nyoo ]
noun
(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. Abbreviations: NEP, Nep, N.E.P.
Words Nearby New Economic Policy
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
British Dictionary definitions for New Economic Policy
New Economic Policy
noun
an economic programme in the former Soviet Union from 1921 to 1928 that permitted private ownership of industries, etc: Abbreviation: NEP
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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