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1] Which One of the following is not a long

terb objectivew of indian Planinng'

a] Increase Wheat Production

b] Achieve Full Employment

c] Reduction of Income Equality

d] Equality and Social Justice

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12y ago

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Which best explains the difference between short-term and long-term planning?

Short-term planning takes care of regular expenses in the near future while long-term planning involves saving for large purchases further in the future.


Why is the long run average cost curve known as the envelope curve or planning curve?

Long run average cost curve is known as envelope curve because it is formed by enveloping the short run average cost curves and it helps the entrepreneur in long term planning that is why it is also called planning curve.


Why Profit maximization can never be the objective of a firm?

Profit maximization IS an objective of a firm, but its not the ONLY objective. A firm will have different long term and short term goals which will vary depending on the current business cycle. If you need a more specific answer, please ask a more specific question. - Stavka


What are the goals and objectives of Indian economic planning?

Economic Planing is the making of major economic decisions what and how much is to be produced and to whom it is to be allocated by the conscious decisions of a determining authority on the basis of a comprehensive survey of economic system as a whole. Main Objectives of Economic Planing is 1) Increase in National Income and Per capita Income. 2) Reduction of Inequality in Income. 3) Reduction in Regional Inequalities. 4) Price Stability 5) Economic Development 6) Full Employment 7) Full Utilization of Available Resources 8) Self Sufficient 9) Reconstruction


What is long term short term planning?

To save for large purchases in the future.