Question

Write the features of lenin's economic policy

Answer 1

Lenin's economic policy was known as the New Economic Policy. The main features of this policy were

1. It would include a private sector that would be subject to state control.
2. There will be strong public sector industries that would operate on a for profit basis.
3. Hence, the New Economic Policy favoured a mixed economy.
4. The private sector would be allowed in agriculture and other small enterprises.
5. The public sector would control banks, foreign trade, and large industries.