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Economics-CBSE-class-11-NCERT-solutions-->View question

Define a plan. - Economics CBSE Class 11 ncert

Book: Indian Economic Development
Chapter 2: Indian Economy 1950-1990
 (NCERT textbook questions)


Asked On2017-07-14 09:03:05 by:Aparna-Dasgupta

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A plan specifies the set of objectives to be achieved within a specified period of time. It shows the means and ways to allocate available resources in an optimum manner in different developmental activities of a country.
The duration of plans in India is of five years and is called a five year plan. The five year plan has been adopted from the former Soviet Union, the pioneer in economic planning. The first five year plan was introduced in April 1951.

Answerd on:2017-07-17 Answerd By:milan-ransingh

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