Feature of economics planning

MAIN FEATURES OF A ECONOMIC PLANNING:- 1. Existence of a Central Planning Authority. 2. Laying Down Objectives:- Certain very desirable objectives are laid down beforehand. The usual objectives are the maximization of national income, rapid industrialization providing full employment, achieving a socialistic pattern, achieving self- sufficiency, etc 3.  Fixed targets- Targets are fixed for each industry and for each sector of major industries, transport, and communication, for imports and exports, and also in the field of education and public health. Fixing of targets enables the Planning Commission to determine the success or failure of each component part of the economy. 4.Another important feature of economic planning is the proper coordination of production and distribution.  5.Finally, achievement of the targets within the specified period is another feature.

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