Answer:
Lenin's
New Economic Policy, promulgated by decree on 21st March, 1921, was a temporary
retreat from full socialism to partial capitalism for the purpose of rebuilding
Russia's economy.
It permitted small businesses to make personal profits, while the state
continued to control banks, foreign trade and large industries.
Elements of capitalism such as individual profit and
private ownership of land were permitted in order to revitalise the Russian
economy.
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