Question

Economic planning refers to; 1) the mobilisation of taxes; 2) the acquisition of taxes; 3) the allocation of resources; 4) the planning of resources

Answer 1

HEY MATE HERE IS YOUR ANSWER

OPTION D

About India

➡️ India is 7th largest country in the world

➡️ India is on 2nd position in population vise

Answer 2

It refers to the allocation of resources.

• It is a resource allocation technique that uses an iterative approach to solve a limited maximising issue.
• In contrast to the market process, planning is a system for allocating crucial resources among and within organisations.
• It is contrasted with the market mechanism.
• These measures will be carried out in the future in accordance with planned economic goals.

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