Competition success magazine use full for civil services students published this article page no 24 the state embarked on an ambitious privatization program of small and medium-size enterprises though it maintained control of the finance transportation heavy industry and foreign trade sectors (the commanding heights as they were called at the time). in 1921-2 lenin re-introduced money to re-monetize the economy which consisted of barter quotas and centrally issued economic directives. within less than 7 years production in many parts of the economy reverted to pre-revolutionary levels. nor did the nep die with lenin. it continued for 4 years after his death in 1924. but the policy was not without its faults. nep was characterized by inflation and the need to cap the prices of non-agricultural goods. peasants hoarded grain for speculation purposes. a black market in goods was developed by nepmen - private traders. communist party general secretary joseph stalin (1879-1953) reinstated agricultural production quotas in 1929 collectivized all arable land and criminalized private trading in 1930. in 1928 he promulgated the first five-year plan (1928-1932) and central planning replaced market mechanisms download competition success magazine pdf.
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