- Appropriate resources allocation- putting the resources in the most productive way/ not left idle.
- Stimulates of effort- it enable the government to stimulate the effort of citizens in the desire way.
- Support foreign aid bargain- enable a country to solicit for foreign aid/ donation/grants.
- Project evaluation – it makes it possible to evaluate the plan at various stages of implementation.
- Long term decision making – provides a long term view for making decisions in various sector of the economy.
- Avoiding duplication – different industries are located in different parts of the country.
- Promoting balance in regional development – it help in distributing industries in various parts of the country.
- Help in raising the standard of living – the gov’t looks into lives of various groups in the country.
marto answered the question on November 7, 2019 at 10:40
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