According to my understanding, governmental economic planning or may be called socialism.
Economic system of socialism. As the economic system of various economic units act, that is, the state will determine plan that society will need to produce goods and services is about how much? How to produce?. So, The country's economic decisions that apply this system comes from the decision of the Government or the centralized planning.
A socialist economic system, then the private sector will have very little property. The decision comes from the economic decisions of the Government or the centralized planning and opportunities to expand or improve