11th Economics Chapter 2

A plan is a detailed proposal for doing or achieving something, typically including calculated steps and specific objectives.

India opted for planning post-independence to promote the welfare of all citizens and to build a sustainable economic system that combines the best features of socialism and capitalism.

Plans should have goals to provide direction, clarity, and focus on what needs to be achieved. Goals help in measuring progress and evaluating the success of the plan.

High Yielding Variety seeds are specially developed seeds that produce a large proportion of output compared to traditional seeds. They are known for their high productivity and significant contribution to agricultural output.

Marketable surplus refers to the quantity of goods produced that can be marketed or sold after meeting the household or farm consumption needs. It represents the excess production available for sale in the market.