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What is Economic Planning about?
Economic planning is defined as conceiving, initiating, regulating and controlling economic activity by the state. Economic planning is the making of major economic decisions by a determinate authority on the basis of a comprehensive survey of the economy as a whole. Such decisions include what and how much to produce; how, when and where it is to be produced; and to whom it is allocated. With reference to underdeveloped countries, Subrata Ghatak defines economic planning as a conscious effort on the part o
- Author
- Ayaan Ansary
- Language
- EN