What is directive planning?
Dear Student,
Directive planning is a planning in which forces of market, i.e demand and supply are only directed by the state . In such a planning, there is free play of market forces. In directive planning, state does not participate directly in the process of growth. It is followed in capitalist economy.
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Directive planning is a planning in which forces of market, i.e demand and supply are only directed by the state . In such a planning, there is free play of market forces. In directive planning, state does not participate directly in the process of growth. It is followed in capitalist economy.
Keep Posting!!