Development Planning

Subject: Economics

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Concept of planning, Objectives, priorities, policies of current plan, Process of plan formulation


Development Planning

Development planning is the act of making plans related to socio-economic activities to meet certain objectives of a person or a household or an institution or the country as a whole. the concept of development planning was introduced in 1917 A.D. by the former Soviet Union. According to Dalton "Economic planning in the widest sense is the deliberate direction by persons in charge of large resources of economic activity towards chosen ends." There are several importance and need of Development Planning : -Poverty alleviation -Human Resource Development -Economic Growth -Reducing Regional Imbalance Learn More

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