Posted by Anjali Kaur on May 08, 2020

What is a Plan?

Everyone plans their day, for instance, what time to wake up, what to have in breakfast, how many tasks will we achieve on this day, etc,. So, the plan is our today’s topic of discussion.

A plan spells out how the resources of a nation should be put to use. It should have some general goals as well as specific objectives that are to be achieved within a specified period.

Similarly, Economic Planning is a system under which a set of targets is defined by the Central Authority of the country. These targets are to be achieved within a specified period, considering the resources of the country. Economic planning is based on the principles of a mixed economy and covers both economic and social areas of planning.

Read more the Economic planning in India.

Photo by Glenn Carstens-Peters on Unsplash

Notify of
Inline Feedbacks
View all comments

Learn with Anjali started because there wasn't an easy-to-consume resource to help students with their studies. Anjali is on single-minded mission to make you successful!

If you would like to suggest topics, leave feedback or share your story, please leave a message.

Leave a message