Economic planning/Definition: Difference between revisions
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(C.f., [[Paulson Plan]]). | The process of preparing for key economic decisions to be made or influenced by central government. (C.f., [[Paulson Plan]]) Economic planning approaches contrast in degree and kind, from pure laissez-faire that foregoes any attempts by government to influence the economy to the fully government-run economy advocated by some models of socialism. Most national governments today seek to exercise some degree of influence over their national economies. | ||
Latest revision as of 16:53, 30 September 2020
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The process of preparing for key economic decisions to be made or influenced by central government. (C.f., Paulson Plan) Economic planning approaches contrast in degree and kind, from pure laissez-faire that foregoes any attempts by government to influence the economy to the fully government-run economy advocated by some models of socialism. Most national governments today seek to exercise some degree of influence over their national economies.