Question

which of the following is not a characteristic of economic planning

Answer 1

Answer:

Some of the most important features of economic planning are as follows:

Economic Planning has been adopted in different parts of the world for various reasons.

In socialistic countries, where there are state owned means of production, planning has become an institutional need while is capitalistic countries where private ownership exists (Laissez faire), It is necessitated for the use of resources.

Answer 2

Answer:

Imperative planning is not the feature of India's economic planning.

hope it helps