Question

what is Economic planning?

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Commerce class 11 ​

Answer 1

Answer:

Economic planning is a mechanism for the allocation of resources between and within organizations which is held in contrast to the market mechanism. ... An economy primarily based on planning is referred to as a planned economy.

Answer 2

Explanation:

Economic planning :-

• It is known as the process for allocation of resources and the process by which some key decision are made by central government .

• It is adopted by many countries and economic planning attracted the attention of most of developing countries.