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Question
State whether the following statements are True or False.
Economic planning aims at accelerating the growth rate of the economy.
State whether the following statements are True or False.
Economic planning aims at accelerating the growth rate of the economy.
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Solution
The correct option is A True
Economic planning refers
to a mechanism which is focused on the allocation of resources in an efficient
manner. Also, it aids us to
achieve consistency among different economic objectives. Hence, it aims at accelerating the growth
rate of the economy.
Thus, the correct answer is A.
Economic planning refers to a mechanism which is focused on the allocation of resources in an efficient manner. Also, it aids us to achieve consistency among different economic objectives. Hence, it aims at accelerating the growth rate of the economy.
Thus, the correct answer is A.
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