Introduction to National Economic Planning

National Economic Planning is the concept of allocation of resources which aims at the development of a nation.  The concept of economic planning deals with the direct allotment of resources for the better functioning of the various aspects of government and its departments. 

In any decision making process, planning plays a major role.  Similarly in National Economic Planning, divisions into two types of planning enables better governing of the planning process.  The types of planning are centralized and decentralized planning.  Centralized planning methods involve the role of central planning in the allocation of resources which is called planned strategies in economy and focuses on the requirements of the general aspects.  In decentralized planning, flow of resources initiate from the bottom level of the organization in concerns which brings about more of the principles of social management rather than planned management which occurs in centralized planning. 

Command economy is one which is differentiated from planned or organized economy as the concept of command economy is followed in capitalistic countries while planned economy involving departments of the government and people from all levels of management is practiced in democratic countries. 

Socialistic planning is a type of economic planning executed in socialistic economies like Marxist countries where goods are valued based on their value of usage, unlike capitalistic countries where economy is based on profit accruing from sales of products. 

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The concepts of National Economic Planning should be deciphered clearly by students before embarking on the task of presentation of assignment or assessments.  This requires interpretative and competitive skills among students to register their ideas on the topic without any deviation and follow originality.  References should include genuine materials which are analyzed with planning and predominant websites which are authentic and include only non-plagiaristic content should be used as reference material for the writing of assignments with reference being included at the end of the assignments so that proper credentials are incorporated. 

In addition to the manner of writing, the interpretation of information on National Economic Planning should be performed correctly and accurately by students with proper understanding of types of planning, which are again based on the types of economies and nature of the countries.  Students should update themselves on the latest developments among the various economies and adhere to the norms specified by the curriculum in writing assignments and assessments. 

Writing information based on National Economic Planning will be beyond the limits for students who might misinterpret information which will lead to inaccurate interpretations.  To overcome such difficulties, it is essential and vital for students to decipher information on National Economic Planning and present vital data which are essential for better exposition and write up.

To strictly adhere to the planned outline in writing information on National Economic Planning, it is essential that students know the extent to which they should follow the principles of planning and organization. 

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