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What is the main purpose of economic planning?

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Question

What is the main purpose of economic planning?

Options

  • To increase government power

  • To use resources efficiently to meet specific goals

  • To collect taxes from the public

  • To control market prices

MCQ
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Solution

To use resources efficiently to meet specific goals

Explanation:

Economic planning focuses on using available resources efficiently to achieve planned goals, helping a country improve overall development.

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