Definition: Indicative Plan

Indicative Plan - "a plan in a mixed or capitalist economy, which states expectations, aspirations, and intentions, but falls short of authorization. This type of plan may include economic forecasts, helping private decision makers, policies favorable to the private sector, how to raise money and recruit personnel, and a list of proposed public expenditures usually authorized by the annual budget." - source: Economic Development 4th Edition by E. Wayne Nafziger