FP
five-year plan
Topic PolicyA five-year plan (FYP) is a type of economic development initiative originating in the Soviet Union in 1928 and later adopted by many other countries. In each five year plan, the plans for all sectors of the economy are synchronized for a period of five years. As centralized and integrated national programs, five-year plans have been adopted by most communist states and also many capitalist states. The effectiveness of five-year plans are measured against several performance indicators, such as
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