From Longman Business Dictionaryeconomic planningˌeconomic ˈplanningECONOMICS1when the government of a country plans how it will control or influence the national economyPoor economic planning has led to high inflation.He hesitated on moving his country from central economic planning to a market-based system.2when you plan the best way of using the different things involved in producing goods, such as capital, land, and labour, in order to achieve an economic aim → planning
