What Is a Forward Plan? Give Examples of How and Why

question 20

Essay

What is a forward plan? Give examples of how and why a forward plan might be important in three different actions.

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Definitions:

England

A country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental Europe.

Twin Deficits

The situation occurring when a country has both a current account deficit and a fiscal deficit, indicating excessive spending.

Trade Deficit

A situation where a country imports more goods and services than it exports, resulting in a negative balance of trade.

Gold Standard

An economic arrangement where paper money in a country directly mirrors the value of gold.