Topics
Basic Concepts in Economics
- Branches of Science
- Natural Science
- Social Science
- Concept of Economics
- Kautilya's Views on Economics
- Types of Economic Systems
- Capitalism
- Socialism
- Mixed Economy
- Branches of Economics
- Microeconomics
- Basic Concepts of Microeconomics > Want
- Basic Concepts of Microeconomics > Goods and Services
- Basic Concepts of Microeconomics > Utility
- Basic Concepts of Microeconomics > Value
- Basic Concepts of Microeconomics > Wealth
- Microeconomics > Personal Income
- Basic Concepts of Microeconomics > Personal Disposable Income
- Microeconomics > Economic Activity
- Types of Income
- Concept of Economic Good
- Macroeconomics
- Cyclical Unemployment
- Difference Between Economic Growth and Economic Development
Money
Partition Values
The Economy of Maharashtra
- Formation and Economic Progress of Maharashtra
- Administrative Divisions of Maharashtra
- Important Features of the Economy of Maharashtra
- Economic Development of Maharashtra
- Agricultural Sector
- Industrial Growth in Maharashtra
- Service Sector
- Core Areas of Service Sector
- Economic Infrastructure of Maharashtra
- Social Infrastructure of Maharashtra
- Measures for Social Infrastructure: Education
- Measures for Social Infrastructure: Health Services
- Co – operative Movement in Maharashtra
- Symbols of Educational Schemes in India
- Tourism in Maharashtra
- Hospitality
- Entertainment Industry
Rural Development in India
Population in India
- Concept of Population in India
- Trends in Population Growth
- Theories of Population Growth
- Population Explosion in India
- Types of Population Based on Resource Availability
- Birth Rate
- Death Rate
- Survival Rate
- Legal Age of Marriage for Males and Females in Different Countries
- The Population as a Human Resource
- Role of Human Resources in Economic Development
Unemployment in India
- Concept of Unemployment
- Important Terms of Employment and Unemployment
- Types of Unemployment
- Rural Unemployment
- Urban Unemployment
- Extent of Unemployment in India
- State-Wise Unemployment Rates in India
- Causes of Unemployment
- General Measures to Reduce Unemployment
- Effects of Unemployment
- Government Measures for Employment Generation
Poverty in India
- Concept of Poverty in India
- Prof. Amartya Sen’s Views on Poverty
- Multi-dimensional Poverty
- Key Concepts of Poverty
- Countries with Highest Extreme Poverty Rates
- Poverty Line
- Informal Sector and Related Activities
- Income Pyramid
- Types of Poverty
- Extent of Poverty in India
- Estimates of Poverty
- Causes of Poverty
- Effects of Poverty
- Sustainable Development Goals
- Understanding Maharashtra’s Tri Colour Family Ration Cards
- Eradication of Poverty
- Poverty Alleviation Programmes and Their Target Sectors
- Tracking Anti-Poverty Efforts
Economic Policy of India since 1991
- Economic Transition of India
- Main Objectives of the Economic Policy of 1991
- Features of the Economic Policy of 1991
- Public Bank Vs Private Banks Vs Foreign Banks
- Components of New Economic Policy
- Liberalisation
- Privatisation
- Globalisation
- Evaluation of the Economic Policy of 1991
- Corporate Social Responsibility
Economic Planning in India
- India’s Planning Commission
- Economic Planning in India
- Overview of the Bombay, People’s, and Gandhian Plans
- Features of Economic Planning
- Five Year Plans (FYP)
- 12th Five Year Plan (2012-2017)
- Levels of National Family Health Survey (NFHS)
- NITI Aayog (National Institution for Transforming India)
- Planning Commission VS NITI Aayog
- Meaning
- Definition: Economic Planning
- Real-Life Application
- Key Point Summary
Maharashtra State Board: Class 11
Meaning
Economic planning means setting specific goals and making a step-by-step plan to use resources efficiently to achieve those goals under the guidance of a central authority.
Maharashtra State Board: Class 11
Definition: Economic Planning
- Dr H. D. Dickinson:
"Economic planning is when a central authority makes important decisions about what goods and services to produce, how much to produce, how, when, and where to produce them, and who will receive them, all based on a detailed survey of the country's needs." - Mrs Barbara Wooten:
"Planning means consciously and deliberately deciding economic priorities by a public authority."
Maharashtra State Board: Class 11
Real-Life Application
When a country builds new schools, the government plans how many schools are needed, where they should be located, how much money is required, and who will benefit the most. This ensures resources are used wisely to meet educational needs.
Maharashtra State Board: Class 11
Key Point Summary
- Economic Planning is a systematic, goal-orientated approach managed by a central authority.
- It ensures resources are used efficiently and priorities are set consciously.
- Both definitions highlight planning as an official and thoughtful process.
Test Yourself
Related QuestionsVIEW ALL [12]
Give economic term:
Conscious and deliberate choice of economic priorities by some public authority.
Identify the correct pairs from the given options:
| 'A' | 'B' |
| 1) Economic Planning | a) Selection by Prime Minister |
| 2) Twelfth Five Year Plan | b) Think Tank group of the Indian Government |
| 3) NITI Aayog | c) Fast and sustainable growth |
| 4) NITI Aayog Vice-Chairperson | d) Time-bound program |
Identify the correct of pairs from the given options :
| 'A' | 'B' | ||
| 1) | Economic Planning | a) | Selection by Prime Minister |
| 2) | Twelfth Five Year Plan | b) | Think Tank group of Indian Government |
| 3) | NITI Aayog | c) | Fast and sustainable growth |
| 4) | NITI Aayog Vice - Chairperson | d) | Time bound Programme |
Identify the correct of pairs from the given options :
| 'A' | 'B' |
| 1) Economic Planning | a) Selection by Prime Minister |
| 2) Twelfth Five Year Plan | b) Think Tank group of Indian Government |
| 3) NITI Aayog | c) Fast and sustainable growth |
| 4) NITI Aayog Vice-Chairperson | d) Time bound programme |
