Mention any three important objectives of economic planning in underdeveloped countries.
1. Economic
Development: The main objective of planning is to achieve the goal of economic
development which is necessary for underdeveloped countries
because they can solve the problems of general poverty, unemployment and
backwardness through it. Economic development is concerned with the increase in per capita income
and causes behind this increase.
2. Increase
Employment: Another objective of the plans is better utilization of human resource and increasing employment opportunities. Measures have been taken to
provide employment to millions of people during plans.
3. Self-Sufficient: It has been the objective of the plans that the country becomes
self-sufficient regarding food grains and industrial raw material like iron, steel, etc. Also, growth is to be self-sustained for which rates of saving and
investment are to be raised.
1. Economic Development: The main objective of planning is to achieve the goal of economic development which is necessary for underdeveloped countries because they can solve the problems of general poverty, unemployment and backwardness through it. Economic development is concerned with the increase in per capita income and causes behind this increase.
2. Increase Employment: Another objective of the plans is better utilization of human resource and increasing employment opportunities. Measures have been taken to provide employment to millions of people during plans.
3. Self-Sufficient: It has been the objective of the plans that the country becomes self-sufficient regarding food grains and industrial raw material like iron, steel, etc. Also, growth is to be self-sustained for which rates of saving and investment are to be raised.
