There are various types of economic planning, including centralized planning, decentralized planning, indicative planning, and mixed planning. Centralized planning involves government control and decision-making, while decentralized planning involves greater involvement of local authorities and communities. Indicative planning sets goals and provides guidelines without strict government control, and mixed planning combines elements of both market forces and government intervention.
centrally planned economy indicative planning works through the market (price system) rather than replaces it.
With the primary aim of flood control, soil conservation and providing electricity, the TVA/the regional plan was also involved in many related activities such as industrial development, forestry, wildlife conservation, town planning, construction of road and rail, encouraging sound agricultural practices and malaria control in the defined region
After the Second World War. several countries went for development planning
As these nations had enormous socioeconomic hurdles, they first set some goals and objectives and then started their process of realising them via planning.
ORIGIN AND EXPANSION OF PLANNING
) Regional Planning
TYPES OF PLANNING
directive or target planning
all economic decisions were centralised in the hands of the state with collective ownership of resources
followed by the state economies
idea of planning got attention from the democratic world
After the soviet planning commenced
moved towards normative planning
all round, all pervasive, all inclusive and holistic
t influences resource allocation, investment decisions, and overall economic performance
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