name two types of resources needed for economic planning with examples
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A resource is a physical material that humans need and value such as land, air, and water. Resources are characterized as renewable or nonrenewable; a renewable resource can replenish itself at the rate it is used, while a nonrenewable resource has a limited supply.
Perspective Plans: Perspective plan is a long-term plan. ...
Five-year Plans: Five-years plans as their name indicate are designed for a period of five years. ..
Annual Plans: Annual plan is a part of five-year plan. ...
Rolling Plans: Rolling plans do not have a fixed period of time.
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