how does the economic planning help for capital formation in the country. discuss in brief.
Answers
Answer:
Publisher Summary
Presently, planning has become synonymous with economic development. Thus, both problems of development and planning form a central theme of economic thought at present. The time has passed when the main concern of the economic theories was the problem of equilibrium and employment. Planning is generally considered as the best strategy of economic development and a short-cut path to economic prosperity. However, planning should not be identified with state intervention or merely of programming, budgeting or earmarking of funds over a certain period for one or another purposes. Planning must establish proportions between all the sectors viewed in a physical way. This includes national income, and its sources, its division between consumption and accumulation, and its proper division between the various groups of population. It must establish proper ratios of growth, while the choice of ratios and a choice between accelerated expansion and less rapid growth is a policy decision and virtually has been decided by various countries depending upon their economic history, the existing levels of development and of resources, and the needs of the population who should be beneficiary of all the changes and for whom the whole process of development is inaugurated.
Explanation:
please mark me as brainliest answer...
Answer:
i don't know what I want to be a doctor appointment at the end of the African American Horror Story hotel episode