Question

What is economic planning?

• A. The process of achieving economic objectives using available resources within a specific period.
• B. The accumulation of wealth by a nation.
• C. The study of individual economic behavior.
• D. The fluctuation of market prices.

Answer 1

Answer:

A. The process of achieving economic objectives using available resources within a specific period.

ECONOMIC PLANNING

• It is the preparation to achieve the economic objectives of the society, using the available resources within specific period of time.
  

• Economic planning plays a significant role in accelerating economic growth.