Question

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

• A. Relies solely on individual self-interest and price signals.
• B. Is driven by a central authority's complete control over production.
• C. Minimizes the role of local participation in decision-making.
• D. Involves government and community intervention in resource allocation.

Answer 1

Answer:

D. Involves government and community intervention in resource allocation.

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