What is economic planning class 10th?

Economic planning is a process in which set objectives of economic development are desired to be achieved in a given period of time.

What do you mean by economic planning class 10?

1. Economic planning means a set of target defined by a determinant authority set up by the government which is to be fulfilled within a specified period of time and is instrumental in economic growth of the country.

What is meant by economics planning?

economic planning, the process by which key economic decisions are made or influenced by central governments.

What is economic planning and its objectives?

The basic objective of planning is to exercise control over the private sector of an economy. Controls are exercised over economic resources which are scarce. When the economic resources of the country are rationally arranged with a predetermined purpose, it is called economic planning.

What is economic planning Indian economy?

The term economic planning is used to describe the long term plans of the government of India to develop and coordinate the economy with efficient utilization of resources.

SEE SOCIAL(15th plan)-virtual class

What is economic planning Slideshare?

1. in india. Objective of Economic Planning Economic growth Reduction of economic in equalities Balanced regional development Modernization Reduction of unemployment. Second Five-Year Plan (1956–1961) The second five-year plan focused on industry, especially heavy industry.

What is economic planning Class 11?

Economic planning is a process in which a central authority of a country defines a set of goals to be achieved within a specified period, sets out a plan to achieve those goals, keeping in view the country's resources.

What is economic planning Brainly?

Economic planning refers to the utilization of resources by allocating them in various activities according to the nation's priorities. It is a process in which various attempts are made to achieve the desired targets of economic development within a specific period of time. Final Answer.

What are features of economic planning?

What is economic planning and Development?

An economic development plan helps you realize your community's economic vision and take control of your economic future. It can help bring together community residents with private and public sectors. Together you can choose economic development goals and outline how to accomplish those goals.

What is economic planning Class 12?

Economic Planning: Means utilisation of country's resources in different development activities in accordance with national priorities.

Why is economic planning important write in a sentence?

Efficient utilization of resources: The most essential function of economic planning is to ensure the best use of given resources within the country. Maximum social benefits can only be ensured when the available resources are allocated and utilized in the most efficient manner.

What are the advantages of economic planning?

What is planning in economics class 8?

Answer: The conscious and wise process through which the government with certain specific objectives utilizes the country's resources in a profitable maimer in order to secure maximum satisfaction of its people is called planning. Question 5. How are economic classified on the basis of level of development?

What are the types of economic planning?

What is the new name of Five Year Plan?

Twelfth Plan (2012–2017) The Twelfth Five-Year Plan of the Government of India has been decided to achieve a growth rate of 9% but the National Development Council (NDC) on 27 December 2012 approved a growth rate of 8% for the Twelfth Plan.

What are the achievements of economic planning in India?

What is democratic planning?

Democratic planning aims at the removal of inequalities of income and wealth through peaceful means by taxation and government spending on social welfare and social security schemes. Individual freedom prevails and people enjoy social, economic and political freedoms.

What are the objectives of economic planning in Pakistan?

In a backward underdeveloped economy, there will be gross inequalities of income and wealth. So, the objective of economic planning is to reduce the inequalities as much as possible by various measures and at the same time guard against perpetuating inequalities due to economic development.

What are the problems of economic planning?

What is economic planning and its nature?

Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism.

What is economic plan in a sentence?

We have not got a national economic plan to-day. It is our economic plan which is designed to promote that improvement. Much has to be considered in the national economic plan in the broad sense. I must, therefore, say a word about the economic plan.

What is economic planning write in a sentence?

2. The war had required a high degree of economic planning, much of which was carried over into peacetime. 3. These countries tended to be characterized by economic planning based on centralized principle.

What is 5 year plan economics class 12?

An economic plan allocates the resources of a nation to fulfil the general and specific goals as planned by the government for a specified period. In India, these plans are made for five years and hence are known as five year plans.

What is economic planning in developing countries?

The development plan attempts to promote economic development in four main ways: (1) by assessing the current state of the economy and providing information about it; (2) by increasing the overall rate of investment; (3) by carrying out special types of investment designed to break bottlenecks in production in ...