Which of the following were the aspects of the New Economic Policy of Lenin:

1 and 3 only

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2 only

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2 and 3 only

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1, 2 and 3

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Solution

The correct option is D
1, 2 and 3
Lenin characterized the NEP in 1922 as an economic system that would include a free market and capitalism, both subject to state control, while socialized state enterprises would operate on a profit basis. It included Rapid industrialization ,Collectivization of Agriculture,Centralized planning etc.

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