Elements of Economic Planning - SS3 Economics Past Questions and Answers - page 1

The role of policies and strategies in economic planning is to design and implement specific actions that will help achieve the goals and objectives of the economic plan. This may include policies to promote investment, encourage economic diversification, improve infrastructure, and support human capital development.

Economic planning involves coordination and collaboration between different stakeholders, including government agencies, private sector organizations, civil society groups, and international organizations.

This helps to ensure that the economic plan is aligned with the needs and priorities of all stakeholders and that it is implemented in a coordinated and effective manner. Collaboration can also help to leverage resources and expertise from different sectors to achieve the goals and objectives of the economic plan.