Explain the meaning of planning as an instrument of resource allocatio

Question

Explain the meaning of planning as an instrument of resource allocation. Why is there a need for planning in the development process?

31 Aug 2022

Answer :

Word Count : 297

Planning can be defined as a consciously directed activity with predetermined goals and predetermined means to carry them out. It is an instrument or technique or mechanism whereby the use pattern of resources is carried out. Two basic elements of planning are (i) the goals and (ii) the means.

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