Q.Which of the following country adopt Indicative Planning ?

France adopted indicative planning, so the answer is (b).

In the development and planning topic of the Tamil Nadu HSC Commerce syllabus, planning is classified as:

• Centralised (imperative) planning — the state directs and controls production, as in the erstwhile USSR/Russia.
• Decentralised (indicative) planning — the government sets broad goals and provides incentives and information, but the private sector remains free to make its own decisions. …

America (the U.S.A.) is the country following capitalism, so option (d) is correct.

In the economic-systems and planning topic of the Tamil Nadu HSC Commerce syllabus, capitalism is a market economy characterised by private ownership of the means of production, freedom of enterprise, the profit motive and coordination through the price mechanism, with minimal state interference.

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