Question

advantages of economic planning in points

Answer 1

Answer:

Advantages:

Prices are kept under control and thus everybody can afford to consume goods and services.

There is less inequality of wealth.

There is no duplication as the allocation of resources is centrally planned.

Low level of unemployment as the government aims to provide employment to everybody.

hope this would help you!!!!!

Answer 2

Answer:

Advantages of economic planning –

• Prices are kept under control and thus everybody can afford to consume goods and services.
• There is less inequality of wealth.
• There is no duplication as the allocation of resources is centrally planned.
• Low level of unemployment as the government aims to provide employment to everybody.