Economic planning - Hutchinson encyclopedia article about Economic planning Printer Friendly
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planned economy
(redirected from Economic planning)

   Also found in: Encyclopedia, Wikipedia 0.05 sec.

planned economy

Another term for command economy, meaning a system in which decisions about how resources are to be allocated are made by government departments or agencies.



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Gandhi was sympathetic to village life and the entrepreneur, while his successor, Jawaharlal Nehru, was enamored with Soviet-style economic planning.
The Ministry of Northern Development and Mines is supposed to play a central role in Northern affairs, but the ministry has no capacity for economic planning, and no responsibility for forestry, education, transportation, or industrial development.
It is the largest single consumer market, dwarfing all others," says the author Taichi Sakaiya, who is a former director general of the nation's Economic Planning Agency.
 
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