industrial planning

Manufacturing sector coordination

Industrial planning is the process by which governments, agencies, or organizations coordinate and direct the development of manufacturing, infrastructure, and economic sectors.

It typically involves setting production targets, allocating resources, and establishing policies to guide industrial growth.

The term is associated with both centrally planned economies, where the state controls most economic decisions, and with mixed economies that use strategic intervention to develop particular industries.

The country's industrial planning emphasized heavy manufacturing in the postwar period.

Opposites
economic coordination mechanism

industrial planningfree market

Commerce without state intervention

market economy · laissez-faire · free enterprise · market forces · spontaneous order

state intervention level

industrial planningderegulation

Removing governmental business restrictions

privatization · neoliberalism · non-intervention · anarcho-capitalism · Austrian economics

temporal orientation

industrial planningmuddling through

Proceeding despite confusion

Family

industrial, planning, industry, industries, industrious, industriously, industriousness, industrialize, industrialized

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Used worldwide · Timeless · Abstract · Rated G