The basic difference between imperative and indicative planning is that........

Economic Affairs Planning in India

The basic difference between imperative and indicative planning is that

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 market system.

in the case of indicative planning there is no need to nationalize any industry

in the case of imperative planning all economic activities belong to public sector, while in the other type they belong to the private sector

it is easier to achieve targets in imperative type of planning

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Explanation:

The basic difference between imperative and indicative planning is that 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 market system.