A key difference between decentralized planning and market-based solutions is that decentralized planning:

Challenger App

★

1M+ Downloads

ARelies solely on individual self-interest and price signals.

BIs driven by a central authority's complete control over production.

CMinimizes the role of local participation in decision-making.

DInvolves government and community intervention in resource allocation.

Answer:

Unlike a pure market-based system, decentralized planning involves conscious, collective decisions by government and community bodies to direct development.

Related Questions:

What are the likely reasons for the higher concentration of women in manufacturing industries in Kerala?

A significant number of women in Kerala are employed in traditional industries that are l labor-intensive.
Kerala's manufacturing sector primarily consists of high-tech, capital-intensive industries that attract a large female workforce.
The growth of heavy industries in Kerala has led to increased employment opportunities for women in manufacturing.
Women in Kerala are predominantly engaged in sectors requiring high levels of technical expertise, contributing to their manufacturing presence.

Which of the following statements about life expectancy in Kerala is/are correct?

Life expectancy serves as an important yardstick to judge the quality of life and well-being of people.
Kerala's life expectancy (at birth and ages 5-10 years) is 75 years, which is higher than the national average of 70 years.
Kerala's female life expectancy is lower than its male life expectancy.