Macroeconomic planning
is a continuous process which involves decisions or choices about alternative
ways of using available resources with the aim of achieving particular goals at
some time in future. On the assumption that the continuous increase in these
incomes would reduce and eventually remove poverty and misery and raises
standard of living masses. Macroeconomic planning also emphases promotion of
employment opportunities. Removal of unemployment would result in increase in
gross national product and standard of living of people on the other. Macroeconomic
planning aims at reduction of inequality of income and establishment of a
socialist society.
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