Abstract
Since the impact of growth brings about changes in the relationships among economic and institutional variables, planning is necessary to bring order into the chaos that is created by the unco-ordinated growth of these variables. The most important function of planning is to bring about the harmonisation of a large number of socioeconomic variables moving in different directions pursuing their own targets, which are sometimes in conflict with one another. The task of the planner has to be geared towards attaining this objective. However, planning defined as the process of preparing a set of decisions for future action pertaining to social and economic development along a prescribed course, has some uncertainty associated with it.KeywordsSocialist EconomyCapital InflowEquitable DistributionResidual IncomePlanning InstitutionThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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