Decentralized planning is sometimes seen as a strategy to address the failures of:

Challenger App

★

1M+ Downloads

AMarket economies

BCentralized planning

CSocialist economies

DCommand economies

Answer:

Centralized planning often led to a lack of responsiveness to local needs, bureaucratic inefficiencies, and a disconnect from the populace, which decentralized planning aims to correct.

Related Questions:

Identify the false statement concerning Current Weekly Status (CWS) unemployment.

The CWS method defines a person as unemployed if they were not able to work for even an hour during the seven-day reference period.
The reference period for Current Weekly Status unemployment is one month preceding the date of survey.
CWS estimates are generally higher than Usual Principal Activity Status (UPS) estimates because they capture more transient unemployment.

Analyze the role of Gulf migration and remittances in Kerala's socio-economic development and identify the true statements.

Gulf migration and foreign remittances have played a significant role in the socio-economic development of Kerala.
The volume of remittances to Kerala became substantial only after the turn of the millennium.
Remittances have been crucial in making Kerala an affluent state and enabling redistribution among various sections of society.
The expenditure pattern of migrants is primarily focused on long-term productive investments like setting up large industries.