[[1]] is a complex process that identifies present and future resources and their needs.

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Detailed Solution

Resource planning is a complex process that identifies present and future resources and their needs.
Resource planning is crucial because it allows us to use available resources for the country's overall development while minimizing negative consequences. It refers to the abilities or strategies used to make proper and prudent use of resources. It is a sophisticated process that entails identifying resources and the locations where they are available and then devising a strategy for utilizing the available resources in the best possible ways.

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