ABSTRACT
This chapter explores the broad principles that must govern a planned economy in choosing between one branch of production and another. The present level of unemployment is about 16 per cent of the whole body of wage-earners; but to this a substantial further addition must be made on account of forms of short-time working which are not represented in the statistics. A good deal more would be spent on both entertainments and sports; and this would carry with it a demand for increased building of cinemas and halls of various kinds and for the provision of sports grounds and sporting requisites. Improved transport facilities would have to be provided in the neighbourhood of the towns; and the railways and long-distance motor coaches would have to prepare themselves for a considerable increase in the volume of traffic. The demand for motor-cars and cycles and other light metal goods would do something to stimulate the steel industry.
