Explain the concept of economic planning.
Answers
Answered by
0
Answer:
Explanation:
It means utilization of country's resources in different development activities in accordance with nation's priorities.
Answered by
2
The concept of economic planning is:
1. The main aim of economic planning is to achieve the target of economic improvement which is major for a developing country, like India.
2. For the better usage of human resources and growing employment opportunities.
3. To ensure stability; to avoid any structural variance in the country.
4. To become independent in terms of industrial raw material and food grains.
5. To ensure regional development in a well-balanced manner
Economic Planning is an ordered and coordinated attempt to achieve definite objectives within a stable time frame through the best utilization of the community’s resources.
Similar questions