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Asked by Manjunath Last Modified
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A plan is a proposed list of goals that an economy wants to achieve within a specific period of time. It suggests the optimum ways to utilize the scarce available resources to achieve the enlisted goals. In India, planning is done for a period of five years, which is called a five-year plan. Plans have both specific and general goals. Some of the common goals are economic growth, modernization, self-reliance, and equity. Plans lay down the basic framework over which the policies are designed. Often various goals are conflicting with each other, for example, modernization reduces labor employment. So there is a need to maintain a balance among different goals.
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Mandakini Singh
Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..
Harpreet Kaur
IELTS, Interviewer, Spoken English trainer with 2 years of experience in IELTS industry.
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