Give any four suggestions to make economic planning successful . Explain any two.
Answers
Answer:
There are certain necessary pre-requisites for its success as under-mentioned:
1.Central-Planning Authority
2.Reliable Statistical Data
3.Specific Objective
4.Fixation of Targets and Priorities
5.Suitable Economic Organisation
6.Strong and Stable Government
7.Fair and Efficient Administration
8.Mobilization of Resources
Explanation:
1. Central-Planning Authority:
The most significant conditions for the success of planning is the setting of central planning authority.
2.Reliable Statistical Data:
A pre-requisite for the sound and successful planning is the availability of reliable, adequate and accurate statistical data relating to various fields of the economy. For obtaining necessary statistical information, a survey of the existing and potential resources has to be undertaken like raw-material, capital, human and natural resources of the country.