Central Planning
The fact that the GDR had a planned economy did not mean that a single, comprehensive plan was the basis of all economic activity. An interlocking web of plans having varying degrees of specificity, comprehensiveness, and duration was in operation at all times; any or all of these may have been modified during the continuous process of performance monitoring or as a result of new and unforeseen circumstances. The resultant system of plans was extremely complex, and maintaining internal consistency between the various plans was a considerable task.
Read more about this topic: Economy Of The German Democratic Republic
Famous quotes containing the words central and/or planning:
“My solitaria
Are the meditations of a central mind.
I hear the motions of the spirit and the sound
Of what is secret becomes, for me, a voice
That is my own voice speaking in my ear.”
—Wallace Stevens (1879–1955)
“Few men in our history have ever obtained the Presidency by planning to obtain it.”
—James A. Garfield (1831–1881)