Soviet-type economic planning

Soviet-type economic planning (STP) is the specific model of centralized planning employed by Marxist–Leninist socialist states modeled on the economy of the Soviet Union (USSR). Although there was significant variation among these economies, Soviet-type planning and Soviet-type economies refers to the major structural characteristics common to these economies.[citation needed]

Soviet-type planning is a form of economic planning involving centralized investment decisions, administrative allocation of economic inputs, material balances to reach equilibrium between available inputs and targeted outputs, and to some extent the use of linear optimization to optimize the plans.[citation needed]

The post-perestroika analysis of the system of the Soviet economic planning describes it as the administrative-command system due to the de facto priority of highly centralized management over planning.[1][2]