An Analysis of the Social System and Planning Problems for the Economic Development

Economic growth is tied with planning in the modern world. It is widely believed that if a country seeks to uplift its economy it must adopt the path of planning. The word “Planning” itself is, however, ambiguous. It is used with many meanings. It has been known to cover the shooting of those who disagree, or it may mean nothing more than consultation, making sure that all interested parties are properly informed about each other’s and the government’s intentions. It may involve the setting of targets with no compulsion to achieve them, but with certain inducements to try, setting up of targets with a larger number of physical controls to back them up. And it can mean no more than the attempt to work out what needs to be done if a given objective is to be achieved. In reality, planning has become a part of human life in every civilized society. Plans are the outcome of necessity. It is always wise to plan than to do and undertake any work without planning. Planning paves the direction and procedure to attain any goal or objectives. Planning now touches the lives of all of us at numerous points and no one, can afford to be ignorant about its principle and practice. Planning is a part of life and relevant to all of us. The house wife plans her budget and allocates her time and the businessman similarly budgets his time and resources.