New Economic Mechanism
C57147
concept
The New Economic Mechanism was a set of economic reforms introduced in socialist countries (notably Hungary in 1968) that sought to decentralize planning, increase enterprise autonomy, and incorporate market-like incentives within a planned economy.
All labels observed (1)
| Label | Occurrences |
|---|---|
| New Economic Mechanism canonical | 1 |
Description generation (CDg)
The one-sentence description above was generated by prompting gpt-5.1 with the class name and this instruction.
Instruction
generate a one-sentence description for a given conceptual class. # Response Format Return only the sentence: "Description: [one-sentence description of the conceptional class]"
Input
Class: New Economic Mechanism
Generated description
The New Economic Mechanism was a set of economic reforms introduced in socialist countries (notably Hungary in 1968) that sought to decentralize planning, increase enterprise autonomy, and incorporate market-like incentives within a planned economy.
Instances (1)
| Instance | Via concept surface |
|---|---|
| NEM | — |