Question

4marks answer of various long term objectives of economic planning

Answer 1

Explanation:

Economic planning is a resource allocation system in which the government makes economic decisions based on an economic plan. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. 

Answer 2

Answer:

Long-term objectives try to solve the socio-economic issues that the country is facing over the years. It includes increase in national income or per-capita income, achieving full employment, social justice and equitable distribution, poverty alleviation, self-sufficiency and modernisation, etc

Explanation:

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