Conscious and deliberate choice of economic priorities by some public authority, which economic term is behind this
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Answer:
The economic term behind this is economic planning.
Explanation:
The mechanism for allocation of resources that is based on a procedure for solving a problem consisting of the process for obtaining an appropriate solution is known as economic planning.
The activities being done here are in accordance with the priorities of the nation. Through the development of certain measures of policy, actions are taken.
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