One of the reasons for the decline of central planning was its failure to create economic value for customers.

Name: One of the reasons for the decline of central planning was its failure to create economic value for customers.
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Central planning systems were notorious for being inefficient and failing to meet the needs and wants of consumers. This resulted in a decline in their popularity and eventual abandonment by many countries in favor of market-based economies.

One of the Reasons for the Decline of Central Planning