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TYPES OF PLANNING


After the first national planning was started by the Soviet Union, many more countries followed it, but with variations in their methods and practices. Though there are many variants of planning the most important one is on the basis of the type of economic organisation (i.e., state economy, mixed economy). During the course of evolution, planning has been classified into two types, based upon the type of economic systemprevalent in the country.

 

1. Imperative Planning2. Indicative Planning