GCE Economics 1990 Theory question 109

Reasons:
1. To use scarce resources efficiently and set priorities.
2. To achieve rapid economic growth and development.
3. To reduce unemployment.
4. To reduce income inequality and regional imbalance.
5. To provide infrastructure and social services.
6. To diversify the economy away from dependence on oil/one product.
7. To control inflation and attain price stability.
8. To improve the balance of payments.
9. To attract foreign aid and investment (donors want a plan).
10. To co-ordinate public and private sector activities.

Give at least five well-explained reasons.