A country should embark on development planning to ensure that

Assessment: WAEC SSCE - Economics - 2020 (Objective) Subject: Economics

Question 1 Report

A country should embark on development planning to ensure that

Answer Details
A country should embark on development planning to ensure that its scarce productive resources are efficiently utilized. Development planning helps a country to identify its available resources and allocate them in a way that maximizes their impact on economic growth and social welfare. This can help the country to achieve its development goals, such as reducing poverty and inequality, improving education and healthcare, and creating job opportunities. Furthermore, when a country efficiently utilizes its resources, it is likely to attract foreign investment, which can lead to greater economic growth and development. By contributing its own quota to international organizations, a country can also enhance its global reputation and play a more active role in addressing global issues.

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