state planning

Managed economic direction

State planning is government-directed coordination of a nation's economy, where central authorities set production targets, allocate resources, and determine prices rather than letting markets decide.

The term often refers to Soviet-style command economies: Under state planning, factories received quotas from Moscow.

Less totalizing forms appear in mixed economies through industrial policy or infrastructure investment.

Opposites
economic coordination mechanism

state planningfree market

Commerce without state intervention

market economy · laissez-faire · market forces · capitalism · private enterprise

degree of government intervention

state planninglaissez-faire

Noninterference in commerce

deregulation · free trade · privatization · neoliberalism · economic freedom

Family

state, planning

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Abstract · Rated G