School of Economics | What are the Important Types of Economic Planning?
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28 Jan

Posted at 00:15h in SOE by
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Article Shared by  (1). Direction and Inducement Planning: (i) Planning by Direction: Planning by direction is an integral part of a socialist society. It assumes complete absence of laissez faire. Therefore, it implies complete centralized planning with no features of a private economy. Under planning by direction, planning authority...