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It attempts to link scientific and technical knowledge to actions in the public domain, and processes of societal guidance and of social transformation. Planning entails making decisions and informing actions in ways that are socially rational. Planning serves a public or general purpose, such as ensuring the stability and growth of the economy; undertaking selected public investments and, in the absence of private sector interest, inducing desired actions on part of the private sector through various forms of subsidy; restraining private sector actions to safeguard the well-being of the population at large; redistributing income on grounds of equity; protecting individuals and businesses against the uncertainties of the market; and so forth...
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