Question

what is economic planning ? explain it .

Answer 1

Hey mate


here is your answer :-


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❄Economic planning ❄

✴ economic planning is the process in which the limited natural resources are used soillfully so as to achieve the desire goals. the concept of economics planning in India , is derived from Russia.

✴ 'planning ' in India derives its objectives and social premises from the directive principles of state policy enshrined in the constitution.

✴on ist January , 2015 , the newly formed 'NITI Aayog' has replaced the planning commission.

✴the basic aim of economic planning in India is to bring about rapid economic growth through development of agriculture , industry , power and communication and all other sectors of the economy .

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Answer 2

HEY MATE HERE IS YOUR ANSWER

ECONOMIC PLANNING

economic planning is a mechanism for the allocation of resources between and within organisations which is held in contrast to the market mechanism as such one can distinguish between centralised planning and decentralised planning and economic primarily based on Central planning is referred to as planned economy.

Hope it will help you