Changes

'''Economic planning''' is a term used to describe the long term plans of an incumbent government to manage the economy. Economic planning is a common feature of [[big government]] as it usually involves increased spending on  government programs and public works projects.  

'''Economic planning''' is a term used to describe the long term plans of an incumbent government to manage the economy. Economic planning is a common feature of [[big government]] and usually dictates [[New spending|increased spending]] and [[deficit]]s to fund government programs and public works projects.  

Given the economic woes after the collapse of international trade on a wide scale caused by [[protectionism]] and tariff restrictions in the early 1930s, by the end of the decade economic planning became mainstay among all belligerent powers of [[World War II]].

As the [[Great Depression]] deepened and widened due to the [[protectionist]] policies of governments causing the collapse of international trade in the early 1930s, by the end of the decade economic planning became mainstay solution of all belligerent powers of [[World War II]]. Typically embraced in military spending (which trickles down to expanded manufacturing output and Research and Development) and jobs programs as the unemployed are conscripted into military service, given paychecks, and provided with food, clothing, and housing (which likewise trickles down to the private sector in expanded agricultural, textile and construction output).

Economic planning can include:

Economic planning can include: