Principle of economic development planning.
- Principle of comprehensiveness– should cover the whole economy/all sectors of the economy.
- Consistency- should be in line with targets and objective of development
- Sequencing – implementation of projects should be done in an orderly manner / i.e. order of the implementation.
- Compatibility i.e. projects in the plan should be related to create / promote linkages
- Simplicity i.e. easy to understand by both formulators and implementer.
- Proportionality in allocating resources/optimality in the use of resources
- Economic feasibility i.e. should be achievable
- Principle of acceptability i.e. social. political and international
- Principle of continuity
CATEGORIES Economics
TAGS Dr. Bbosa Science
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