which of the following is not an objective of economic planning

Assessment: WAEC SSCE - Economics - 2015 (Objective) Subject: Economics

Question 1 Report

which of the following is not an objective of economic planning

Answer Details
The desire to widen the gap between developing countries and the developed world is not an objective of economic planning. Economic planning is the process by which a government or organization sets priorities, makes decisions, and allocates resources to achieve specific economic goals. The objectives of economic planning may vary depending on the country's needs and priorities, but they generally aim to promote economic growth, reduce poverty, increase employment, and improve the standard of living for citizens. However, the desire to widen the gap between developing countries and the developed world is not an objective of economic planning. In fact, economic planning aims to reduce inequalities between countries and promote global economic development. Therefore, of the options given, the desire to widen the gap between developing countries and the developed world is not an objective of economic planning.

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