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Why Should Plans Have Goals? - Economics

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Question

Why should plans have goals?

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Solution

Every plan should have specified goals. Plan without goal is like life without soul. While a plan specifies the means and ways to allocate scarce resources to achieve proposed targets, goals are the ultimate targets, the achievement of which ensures the success of plans. Thus, plans must include the goals.

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Chapter 2: Indian Economy 1950-1990 - Exercise [Page 34]

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NCERT Economics - Indian Economic Development [English] Class 12
Chapter 2 Indian Economy 1950-1990
Exercise | Q 3 | Page 34
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