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Which of the following is an advantage of economic planning?
  • a)
    High level of competition leading to innovation
  • b)
    Quick response to market changes
  • c)
    Effective allocation of resources for development
  • d)
    Minimal government intervention
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following is an advantage of economic planning?a)High lev...
Economic planning allows for better coordination and allocation of resources, which can lead to more focused and effective development.
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Which of the following is an advantage of economic planning?a)High level of competition leading to innovationb)Quick response to market changesc)Effective allocation of resources for developmentd)Minimal government interventionCorrect answer is option 'C'. Can you explain this answer?
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