five year plan

Five-Year Plan

[fahyv-yeer]
noun (sometimes lowercase)
any plan for national economic or industrial development specifying goals to be reached within a period of five years, especially as undertaken by the Soviet Union and China.

Origin:
1925–30; orig. probably as translation of Russian pyatilétka

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Five-Year Plan
 
n
(formerly in socialist economies) a government plan for economic development over a period of five years

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