Question

During the 20th century, in order to achieve faster economic development, many countries adopted __________.

• A. tax reforms
• B. economic reforms
• C. economic planning
• D. social planningg

Answer 1

Answer: (C)

economic planning

Economic planning is a term used to describe the long term plans of an incumbent government to manage the economy. Economic planning is a common feature of big government and usually dictates increased spending and deficits to fund government programs and public works projects. During the 20th century, in order to achieve faster economic development, many countries adopted economic planning.