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. The basic difference between imperative and indicative
planning is that
(a) In the case of the imperative planning the market
mechanism is entirely replaced by a command hierarchy, while
in the case of indicative planning, it is looked upon as a
way to improve the functioning of the market system.
(b) In the case of indicative planning there is no need to
nationalize any industry
(c) In the case of imperative planning all economic
activities belong to public sector, while in the other type
they belong to the private sector
(d) It is easier to achieve targets in imperative type of
planning
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Answer Posted / jessica
indicative planning refers to the type of establishment of
sectoral targets which are not compulsory for the private
sector and are entailed in micro economic projections
pertaining to a period of several years. meanwhile,
imperative planning is that type of planning in which both
the preparation and implementation are provided with a
considerable degree of certainty .
Read more:
http://wiki.answers.com/Q/Difference_between_indicative_and_
imperative_planning#ixzz1fIKPPvfk
| Is This Answer Correct ? | 7 Yes | 6 No |
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