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New Economic Policy

[ noo ek-uh-nom-ik -pol-uh-see, ee-kuh-, nyoo ]

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.

New Economic Policy

noun

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

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gallimaufry

[gal-uh-maw-free ]

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