mention the objective of economic development
Answers
Answer:
The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes. Raising per capita incomes is also a stated objective of policy of the governments of alldeveloping countries.
Answer:
1. Economic Development: The main objective of planning is to achieve the goal of economic development which is necessary for underdeveloped countries because they can solve the problems of general poverty, unemployment and backwardness through it. Economic development is concerned with the increase in per capita income and causes behind this increase. The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes. Raising per capita incomes is also a stated objective of policy of the governments of all developing countries.
2. Increase Employment: Another objective of the plans is better utilization of human resource and increasing employment opportunities. Measures have been taken to provide employment to millions of people during plans.
3. Self-Sufficient: It has been the objective of the plans that the country becomes self-sufficient regarding food grains and industrial raw material like iron, steel, etc. Also, growth is to be self-sustained for which rates of saving and investment are to be raised.
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