Central planning is rooted in the ideology that the welfare of the group is more important than individual well-being.

Question

Quizplus · Accepted Answer

Central planning involves government control over the economy and resources, with the aim of promoting the common good of the society as a whole, even if it may sometimes impinge upon individual freedom and economic incentives. The idea is that by coordinating production and distribution, and by prioritizing certain sectors and goals, the state can optimize the allocation of resources and provide more equitable and efficient outcomes for everyone. This approach is often associated with socialist and communist ideologies, which view individualism and private property as obstacles to social progress and collective solidarity.

Central Planning Is Rooted in the Ideology That the Welfare