Economics · Economic Planning
What is a primary potential benefit of economic planning?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It eliminates the necessity for international trade and global cooperation.
- 2It guarantees optimal resource allocation without any structural inefficiencies.
- 3It ensures complete and absolute income equality among all citizens.
- 4It can direct economic activity toward long-term goals and address market failures.✓
Correct answer
It can direct economic activity toward long-term goals and address market failures.
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