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CBSE Class 11-commerce Answered

Q.18 Explain ‘growth with equity’ as a planning objective.

Asked by sntshtrk530 | 04 Sep, 2017, 04:48: AM

Expert Answer

One of the important objectives of planning is to get stable growth with equity in the economy. Growth refers to an increase in the level of national income over a period of time and equity refers to equitable distribution of the national income.

For every nation, it is very important to have growth along with equity. If there is only growth (without equity) in the economy, then it means that everyone is not enjoying the benefit of growth. In this regard, planners have to ensure that the prosperity of economic growth should reach all the people. Every individual should be able to fulfil his/her basic needs of food, house, education and healthcare.

So, the government should ensure appropriate allocation of wealth among the people to reduce economic inequality in the economy. Therefore, ‘growth with equity’ is a more rational and desirable objective of planning for a nation.

Answered by Tharageswari S | 04 Sep, 2017, 08:39: AM

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Asked by sntshtrk530 | 04 Sep, 2017, 04:49: AM

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CBSE 11-commerce - Economics

<div>Q.18 Explain ‘growth with equity’ as a planning objective.</div>

Asked by sntshtrk530 | 04 Sep, 2017, 04:48: AM

ANSWERED BY EXPERT

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