Question

Which of the following features add to a "well-designed" plan?

• A. The plan talks about each and every good/service that is to be sold in the economy.
• B. The plan talks about only those sectors in which government intervention is required.
• C. The plan has well-defined goals.
• D. The plan of another economy is copied word to word and implemented in the same manner.

Answer 1

Answer: (B), (C)

The correct options are
B

The plan talks about only those sectors in which government intervention is required.

C

The plan has well-defined goals.

The plan should not be directly copied and should be adjusted as per our economy's needs. The plan should also not carry details for every good/ service- this is very tedious and futile.