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Explain five benefits Kenya would derive from a well-drawn development plan.
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Jul 19, 2021
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Business Studies Form 4
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anonymous
Explain five benefits Kenya would derive from a well-drawn development plan.
economic development and planning
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Jul 19, 2021
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Allocation of available resources enables the government to allocate the available resources in the best way possible. This would ensure that there are neither idle resources nor some being used in the wrong manner.
Project evaluation. Plan acts as a standard in which projects can be evaluated. Where there are deviations, they may analysed and corrective measures taken before it is too late.
Equitable distribution of income. Development plans enables government to distribute equitably income through fair allocation of resources regionally.
Negotiation with donors. The government may use a development plan to convince donors that funds being sought would be put into proper use.
Stimulating effort. A well-drawn and explained development plan may make the masses exert more effort in national development.
Avoiding duplication. Through proper planning, different industries are set in different parts of the country thereby ensuring balanced development in the country.
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