What is imperative and indicative planning?

What is imperative and indicative planning?

in the case of imperative planning market mechanism is entirely replaced by a command hierarchy, while in case of indicative planning . it is looked upon as a way to improve the functioning of market system.

What is indicative nature?

Use the word indicative when you want to show that something is suggestive or serves as a sign of something. Your willingness to help out with the charity is indicative of your generous nature. The adjective indicative is usually followed by the word of.

When was India adopted indicative planning?

Detailed Solution. Eighth Five Year Plan (1992 – 1997) adopted Indicative Planning in India. A form of economic planning, Indicative planning is implemented by a state to solve the issue of imperfect information in the market and mixed economies.

Which country implemented an indicative planning system after WWII?

After the Second World War several European countries, such as the Netherlands, developed some sort of indicative planning, often linked to the building of multi-sector econometric models of the economy.

Is indicative planning a feature of Indian planning?

(i) Features of Indicative Planning: Indicative planning or planning by inducement is found in capitalist countries as well as in mixed economies, like India. Indicative planning was attempted first in France.

What is the difference between imperative and indicative?

The indicative mood is used to talk about facts and other statements that are believed to be true and concrete. The imperative mood is used to give commands.

What is Centralised planning?

Centralized planning means that decisions are not taken independently at local level, but holistically at a more central level.

What is an example of indicative?

Indicative is defined as a grammar term for a verb or a sentence that either makes a statement or asks a question. An example of the indicative is the sentence, “The birds are singing.” The definition of indicative is a type of behavior that gives a suggestion or shows something.

Who introduced indicative planning?

The first indicative plans were those made up by Gosplan in the USSR during the mid-1920s.

Which country adopted indicative planning?

Indicative planning originated in France after the Second World War by Charles de Gaulle in 1946 to strengthen the French economy and offset the demands of socialists and Communists calling for socialization of the means of production and/or Stalinist command planning.

What is Ordoliberalism in economics?

Ordoliberalism is the German variant of economic liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential. The term “ordoliberalism” (German: Ordoliberalismus) was coined in 1950 by Hero Moeller, and refers to the academic journal ORDO.

What do you mean by democratic planning?

Democratic planning aims at the removal of inequalities of income and wealth through peaceful means by taxation and government spending on social welfare and social security schemes. Individual freedom prevails and people enjoy social, economic and political freedoms.