Q.Short-term plan is also known as __________.

A short-term plan is also known as a rolling plan.

Economic plans are classified by their time period as short-term, medium-term and long-term (perspective) plans. A short-term plan usually covers about a year and takes the form of a rolling plan — a plan in which, at the end of each year, the performance is assessed and the plan is revised and extended by adding a fresh year, so the plan keeps 'rolling' forward continuously.

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