Meaning of Five-Year Plan

Five'-Year Plan'

Pronunciation: (fīv'yēr"), [key]
— (sometimes l.c.)
  1. any plan for national economic or industrial development specifying goals to be reached within a period of five years, esp. as undertaken by the Soviet Union and China.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.