Multiple choice general knowledge

Economic Planning refers to Available Resources.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Economic Planning indeed involves the allocation and management of available resources to achieve developmental objectives. It requires assessing what resources a nation has - natural, human, financial - and planning their optimal utilization. The False option is incorrect because resource allocation is fundamental to any economic planning process. Planning cannot exist without considering what resources are available to be deployed.

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