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Definition: Master plan or comprehensive plan is a general and a long-range planning document with respect to urban development. It paints the social, economic and physical framework of what is expected of the future of a particular community or area.
1.1 What Is Economics, and Why Is It Important? 1.2 Microeconomics and Macroeconomics; 1.3 How Economists Use Theories and Models to Understand Economic Issues; 1.4 How To Organize Economies: An Overview of Economic Systems; Key Terms; Key Concepts and Summary; Self-Check Questions; Review Questions; Critical Thinking Questions
Dec 11, 2020 · A master plan is a broad term referring to the framework created for the physical development of a place. It typically consists of a top-down strategy for major change in an area, with the supporting financial, economic, and social policy documents as well as delivery mechanisms that outline its proposed implementation.
- Avi Friedman
- 2021
Master Plans provide a vision for the government that should be supported by realistic planning documents, solid financial policies targeted for the implementation of stated goals, and trends on the government s accomplishments and progress toward these goals.
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A master plan is a comprehensive, long-term planning document that outlines the vision, goals, and strategies for the development of a specific area or community. It serves as a framework for land use, infrastructure, and public services, ensuring that growth and development are organized and aligned with community needs and objectives.