Economic Planning

Economic Planning refers to any plans of economic activity which point to achieve specific social and economic outcomes. The planning mechanism involves the specific economic or social outcomes. The philosophy of planning is that only markets and price system cannot ensure the welfare of citizens. Apart from this there are economic requirements such as investment in infrastructure, investments in …

You need to be an IASPOINT member to access this content. Click Here for Membership details.

This article is a part of our content of Integrated UPSC /IAS General Studies - Target 2018 membership programme.