Which one of the following methods of planning is an attempt to work out the implications of the development effort in terms of factor allocation and product yields so as to maximize income and Employment

Q. Which one of the following methods of planning is an attempt to work out the implications of the development effort in terms of factor allocation and product yields so as to maximize income and Employment

1. Prospective planning
2. Physical planning
3. Financial planning
4. Indicative planning

Answer: Physical Planning

Physical planning—is an attempt to work out the implications of the development effort in terms of factor allocations and product yields so as to maximise incomes and employment.

Prospective planning refers to short term plamnning . Under this planning targets are to be achieved in near future . Infact ,it is the part of perspective planning.

Physical development planning was defined as land use planning or Urban & Regional Planning that relates to the use of land or the spatial expression of the desired form of social and economic development to be translated on the ground.

Financial Planning is the process of estimating the capital required and determining it's competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in market and mixed economies in order to increase economic performance.