Economic Planning

What is the purpose of an economic development plan?

• To outline the economic vision, mission, and goals of a community

• To provide a guide for action and improve resource utilization

• To bring together community residents with private and public sectors

• To evaluate planning under mixed-economy

Why is economic planning important?

• To outline the economic vision, mission, and goals of a community

• To provide a guide for action and improve resource utilization

• To bring together community residents with private and public sectors

• To evaluate planning under mixed-economy

What does economic planning involve?

• Setting performance standards and finding alternative ways

• Outlining the economic vision, mission, and goals of a community

• Bringing together community residents with private and public sectors

• Evaluating planning under mixed-economy

What is the definition of economic planning?

• A method, technique, or means to achieve clearly set targets

• A process influenced by central governments to make key economic decisions

• A guide for action and improvement of resource utilization

• A method to evaluate planning under mixed-economy

What is the role of economic planning?

• To outline the economic vision, mission, and goals of a community

• To provide a guide for action and improve resource utilization

• To bring together community residents with private and public sectors

• To evaluate planning under mixed-economy

What does economic planning help achieve?

• Setting performance standards and finding alternative ways

• Outlining the economic vision, mission, and goals of a community

• Bringing together community residents with private and public sectors

• Evaluating planning under mixed-economy

What is the purpose of aligning an economic development plan with an official community plan?

• To outline the economic vision, mission, and goals of a community

• To provide a guide for action and improve resource utilization

• To bring together community residents with private and public sectors

• To help residents, businesses, and local governments understand the economic priorities for a community

What can economic development planning help bring together?

• Setting performance standards and finding alternative ways

• Outlining the economic vision, mission, and goals of a community

• Bringing together community residents with private and public sectors

• Evaluating planning under mixed-economy

What are the objectives of this chapter?

• To discuss the concept of planning and its limitations

• To discuss the need of planning

• To evaluate planning under mixed-economy

• All of the above

What is the main goal of economic planning?

• To outline the economic vision, mission, and goals of a community

• To provide a guide for action and improve resource utilization

• To bring together community residents with private and public sectors

• To evaluate planning under mixed-economy