Benefits of development planning in an economy

Benefits of development planning in an economy

  •  ensure proper allocation of resources
  • ensure equitable allocation of resources
  • reduces unemployment
  • corrects balance of payment
  • ensure stability of prices
  • promotes resource mobilization
  • means of attracting foreign aid
  • helps to identity areas suitable for public and private investment
  • promotes faster rate of economic growth
  • increases government revenue
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