Question

write about economic planning ?

Answer 1

Economic planning is a mechanism for the allocation of resources between and within organizations which is held in contrast to the [[market (economics)}market]] mechanism. As an allocation mechanism for socialism, economic planning substitutes factor marketsfor a direct allocation of resources within a single or interconnected group of socially-owned organizations.

There are various forms of economic planning. The level of centralization in the decision-making depends on the specific type of planning mechanism employed. As such, one can distinguish between centralized planning and decentralized planning.An economy primarily based on central planning is referred to as a planned economy. In a centrally planned economy the allocation of resources is determined by a comprehensive plan of production which specifies output requirements. Planning may also take the form of directive planning or indicative planning.

Answer 2

hey guys


here is ur answer


economic planning


->. economic planning is the process in which the natural resources are used. skill fully so as to achieve the desire goals. the concept of economic planning in India , is derived from Russia


-> in India , more than 11 the five plans - have been implemented so far . the target and achievement of these plans are given


I hope it may help u




_______________________
_________________________