write four characteristics of economics planning
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Top 8 Features of Economic Planning
The most cherished elements involved in a good plan are as under:
(i) Definite Objective:
(ii) Central Planning Authority:
(iii) Democratic Character:
(iv) Only an Advisory Role of Planning Commission:
(v) Comprehensiveness:
(vi) Planning for Consumption:
(vii) Rational Allocation of Resources:
Explanation:
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Planning means conscious and deliberate undertaking for a definite objective. For instance, economic planning has the objective to accelerate the rate of growth, elimination of trade cycles, bringing the stability and a attain full employment in the economy.
Explanation:
1) planning
2) economy
3) economic
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