Directive planning is pursued under
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Directive planning is pursued under capitalist economy.
What is planning ?
Planning is a process in which particular goals and aims are decided and policies are made to achieve those goals and aims in such a way that all the resources are completely utilised in an effective manner.
There are two types of planning :-
- Directive planning .
- Comprehensive planning .
Directive planning :-
The planning which is pursued only to direct the forces of supply and demand in the market .
- It is used in economy is like capitalist economy.
- The role of government is only to ensure rule and regulations. It is not involved in the process of production.
- Production with the aim of profit maximization is allowed .
- State does not directly interfere in the working of market.
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