write the two characteristics of economy planning
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The most significant characteristic of economic planning is that it should possess definite objectives. ... 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.
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Explanation:
op 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:
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