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Indicative planning is most likely to be followed by which of these economies?
Capitalist economies
Mixed economies
Communist economies
Primary economies
Option A: Purely Capitalist economies would generally not follow any planning and let the market decide how much and when to produce.
Option B and C: In communist economies the planning is imperative not indicative in nature. So, mixed economies are fit for indicative planning where a plan making body (from the State) sets broad numerical targets to be achieved with the help of market forces.
By: Pradeep Kumar ProfileResourcesReport error
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