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Planning helps in achieving economies.
a.
Effective planning secures economy since it leads to orderly allocation
ofresources to various operations.
b.
It also facilitates optimum utilization of resources which brings economy in
operations.
c.
It also avoids wastage of resources by selecting most appropriate use that will
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Unformatted text preview: contribute to the objective of enterprise. For example, raw materials can be purchased in bulk and transportation cost can be minimized. At the same time it ensures regular supply for the production department, that is, overall efficiency....
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- Fall '09
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- Economics, Economic system, planning secures economy
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