Explain five factors that may affect economic planning process.

      

Explain five factors that may affect economic planning process.

  

Answers


sharon
- Lack of accurate data collected from the preliminary stages
- Existence of large subsistence sectors
- Inadequate personnel to collect the data and analyse it and manpower to implement
- Problem of private sectors - they can not give correct information
- Transfer of inappropriate development plan e.g. from developed countries to underdeveloped
- Reliance on donor funding
- Inadequate domestic resources / natural resources
- Failure to involve local people in planning the economy
- Natural calamities e.g. floods, hailstones, drought etc,
sharon kalunda answered the question on September 3, 2019 at 11:08


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