Match each type of economic planning listed on the left with its defining operational feature or target horizon on the right.
- Imperative PlanningA central directive system where state authorities legally enforce strict output quotas.
- Indicative PlanningA guiding strategy for mixed economies using policy incentives to steer private sector investment.
- Rolling PlanA flexible planning system where targets are evaluated and extended forward at regular intervals.
- Perspective PlanA long-term macro framework spanning 15 to 25 years outlining general growth objectives.
Answer
Imperative Planning matches state directive system with legally enforced output quotas; Indicative Planning matches guiding strategy for mixed economies using policy incentives; Rolling Plan matches flexible planning system evaluated and extended at regular intervals; Perspective Plan matches long-term macro framework spanning 15 to 25 years.
Imperative planning operates via mandatory central directives and output quotas. Indicative planning uses fiscal and monetary incentives to steer the private market toward national targets. A rolling plan is updated and extended continuously at regular intervals to adapt to economic changes. A perspective plan targets broad structural transformation across 15 to 25 years.
Step-by-Step Solution
Key Concept
Types and operational features of economic planning