Skip to main content
Dictionary
Store
Blog
World
Help
Advertise
Chat
System Status
Information Collection Notice
Trademark Concerns
reCAPTCHA Privacy
Terms of Service
reCAPTCHA Terms
Privacy Policy
Accessibility
Report a Bug
Data Request
Contact Us
Security
DMCA
© 1999–2026 Urban Dictionary ®
Mugs
Tees
Hoodies
Pro Customization
Create unique products with your own words and definitions
Preview
Personalize Your Design
Your Word
Your Definition
Acronym for “new economic policy.” Introduced by Lenin in 1921 as an attempt to save an economy ravaged by the civil war. The NEP was a form of “capitalism light” in which the government maintained control over large industries, but private wages and trading on a small scale were allowed. In many ways the NEP was an insult to the communistic ideals of the revolution and was extremely controversial.
Text fits
Save
Cancel