Economics · Types of Planning
How does Indicative Planning primarily differ from Centralized Imperative Planning regarding targets?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It relies entirely on public sector undertakings to achieve all micro-targets.
- 2It eliminates the need for setting any economic targets or indicators.
- 3It outlines broad directions rather than enforcing minutest sector-wise details.✓
- 4It sets strict, legally binding production quotas for private firms.
Correct answer
It outlines broad directions rather than enforcing minutest sector-wise details.
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