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The process of economic planning involves:
  • a)
    Assessing current economic conditions, setting goals, and formulating strategies
  • b)
    Privatizing all industries to promote competition
  • c)
    Reducing government intervention in the economy
  • d)
    Implementing policies without considering resource availability
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The process of economic planning involves:a)Assessing current economic...
Economic planning involves carefully assessing the current economic situation, setting specific goals, and formulating strategies to achieve those goals.
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The process of economic planning involves:a)Assessing current economic conditions, setting goals, and formulating strategiesb)Privatizing all industries to promote competitionc)Reducing government intervention in the economyd)Implementing policies without considering resource availabilityCorrect answer is option 'A'. Can you explain this answer?
Question Description
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