Question

Which of the following best defines decentralized planning?

• A. A centralized authority dictates all economic activities and resource allocation.
• B. Economic planning is solely managed by international organizations and foreign investors.
• C. A system where planning decisions are made at lower levels of administration and local bodies.
• D. The free market operates without any government intervention or regulation.

Answer 1

Answer:

C. A system where planning decisions are made at lower levels of administration and local bodies.

• Decentralized planning is characterized by the devolution of planning authority to local and regional levels.