Which of the following statements is correct?.

Question

Accepted Answer

Step-by-step reasoning:

1. Definition: A $5$-year plan is a government policy instrument for systematic, planned development over a multi-year period, implying government intervention and direction in the economy.
2. Evaluate (1): "focuses mostly on private intervention" — False. Five-year plans emphasize public/government planning and intervention rather than privileging private intervention.
3. Evaluate (2): "always focused on the tertiary sector" — False. Different plans have emphasized different sectors (agriculture, industry, infrastructure, services); it is not always tertiary.
4. Evaluate (3): "permits long-term intervention by the government" — True. Although the plan period is $5$ years, the planning framework allows sustained and continued government intervention and policy direction over the long term.
5. Evaluate (4): "always stresses market-oriented activities" — False. Many plans have been dirigiste or sector-directed; they do not always stress market-oriented activities.

Conclusion: Only statement (3) is correct.

FINAL_ANSWER: c

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