What is the meaning of 5 year plain
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Answers
Answer:
Five-Year Plans, method of planning economic growth over limited periods, through the use of quotas, used first in the Soviet Union and later in other socialist states.
Step-by-step explanation:
ECONOMIC STATE
any plan for national economic or industrial development specifying goals to be reached within a period of five years, esp. as undertaken by the Soviet Union and China.
WHAT DOES A FIVE YEAR PLAN MEAN
a national governmental program of planned, coordinated, and cumulative economic and social development over a period of five years.
WHAT WAS THE GOAL OF FIVE YEAR PLAN
The first five year plan was created in order to initiate rapid and large-scale industrialization across the Union of Soviet Socialist Republics (USSR).
WHAT IS MEANING OF FIVE YEAR PLAN IN INDIA
An economic plan allocates the resources of a nation to fulfil the general and specific goals as planned by the government for a specified period. In India, these plans are made for five years and hence are known as five year plans.