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

Example Sentences

Trump announced a new economic policy, “no tax on overtime.”

From Los Angeles Times

With every new economic policy by President William Ruto’s administration, some Kenyans say the related term “kimeturamba” — that electing him has come back to haunt them.

From Seattle Times

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