What is the meaning of Economic Planning?
Answers
Answered by
3
Economic planning is a mechanism for the allocation of resources between and within organizations which is held in contrast to the market mechanism. ... As such, one can distinguish between centralized planning and decentralized planning. An economyprimarily based on central planning is referred to as a planned economy
Answered by
0
Economic Planning is an arranged and coordinated effort to succeed in definite objectives within a stable time frame through optimum utilization of the community’s resources.
Explanation:
Some major objectives of economic planning include:
1. The main aim is to succeed in the goal of economic development that is powerful for a developing nation, like India.
2. Better usage of human resources and improving employment opportunities.
3. To ensure stability: to elude any structural imbalance in the nation.
4. To become independent in terms of industrial raw material and food grains.
Learn more about Economic planning
What is economic planning ? explain it .
https://brainly.in/question/5539534
Who is the ‘Father of Indian Economic Planning’?
https://brainly.in/question/143712
Similar questions