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What is the purpose of comprehensive planning in under-developed economies?
  • a)
    To promote private enterprise
  • b)
    To increase government control
  • c)
    To achieve economic stability
  • d)
    To discourage foreign investment
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of comprehensive planning in under-developed econo...
Comprehensive planning in under-developed economies aims to achieve economic stability. In such economies, there is a circular constellation of forces that keep the country in a state of under-development equilibrium. Comprehensive planning allows the government to break this vicious circle and initiate the process of economic development. By strategically planning and allocating resources, the government can guide the economy towards stability and growth.
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What is the purpose of comprehensive planning in under-developed economies?a)To promote private enterpriseb)To increase government controlc)To achieve economic stabilityd)To discourage foreign investmentCorrect answer is option 'C'. Can you explain this answer?
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