whai is meant in economics plaining
Answers
Answered by
2
Answer:
Economic planning is a resource allocation system based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism.
Answered by
2
Answer:
Economic planning is the making of major economicdecision, what and how much is to be produced, and to whom it is to be allocated by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economicsystem as a whole.
Similar questions