Business Studies, asked by 0117553808, 6 months ago

How Government financial planning can insure economic development? Elucidate.

Answers

Answered by TheConnoR
2

Economic development needs balanced growth which can be attained by propelling growth in all sectors, simultaneously. The financial system helps allocate savings into investment channels. It helps in mobilizing savings and make better use of these funds by allowing investments in various sectors of the economy.

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