Complex sentence: His economic policies were based on the model of capitalism and followed the Free-market economics principles, industrialization that took place in his term is often regarded as "Great Decade" in the history of the country (both economical and political history).
Split into simpler sentences: His economic policies were based on the model of capitalism and followed free-market economics principles. The industrialization that took place in his term is often regarded as "Great Decade" in the history of the country (both economical and political history).