What is another word for economic planning?

Pronunciation: [ˌiːkənˈɒmɪk plˈanɪŋ] (IPA)

The concept of economic planning refers to the process of creating and implementing a framework for the allocation of resources, production, and distribution of goods and services. Some synonyms for economic planning include fiscal management, monetary strategy, financial governance, economic policy, and budgetary direction. All of these phrases refer to the same idea of organizing and managing economic systems for the benefit of society as a whole. Economic planning is a crucial element of any successful economy, ensuring that resources are used efficiently and fairly to promote growth and prosperity for all. By utilizing synonyms for economic planning, we can broaden our understanding of its importance and impact on our lives.

What are the hypernyms for Economic planning?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Economic planning

  • Under capitalism each individual engages in economic planning.
    George Reisman
  • Nationalists were gratified by [ Franz von Papen’s ] policy of making an end of party politics and of liberalism; the state began to be authoritarian, despotic… All that united it was the negative purpose of breaking with the past system. Its two main sections, representing the industrialists and the big landowners, were directly opposed to one another on first principles: the industrialists were for free trade and unrestricted capitalist competition; the landowners were for ‘autarchy,” neo-mercantilism. ‘Enlightened capitalism’ on one side, pre-capitalist patriarchalism or post-capitalist economic planning on the other. But the great new forces of the Nationalism and Socialism were unrepresented.
    Hermann Rauschning

Related words: economic development, economic policy, economics, macroeconomics, microeconomics, international trade

Related question:

  • Is economic planning difficult?
  • Word of the Day

    Monosodium Salt Glycine
    Monosodium Salt Glycine is a common food additive that enhances flavors in processed foods. However, if you're searching for synonyms for this chemical compound, you might come acr...