IEEP UNIT 1
ECONOMIC PLANNING :
ECONOMIC PLANNING IS A PROCESS IN WHICH SET OBJECTIVES OF
ECONOMIC DEVELOPMENT ARE DESIRED TO BE ACHIEVED IN A
GIVEN PERIOD OF TIME.
OBJECTIVES OF ECONOMIC PLANNING :
1) ECONOMIC GROWTH
2) SELF RELIANCE
3) ELIMINATION OF POVERTY
4) REMOVAL OF UNEMPLOYMENT
5) REDUCTION IN INCOME INEQUALITIES
6) MORDERNIZATION
NEED FOR ECONOMIC PLANNING IN
UNDERDEVELOPED COUNTRIES :
1) REGULATING MARKET MECHANISM
2) PROVIDING EMPLOYMENT
3) BALANCING DIFFERENT SECTORS
4) DIRECTION FOR ACHIEVING TARGETS
