Central planning is rooted in the ideology that ________.

Question

Quizplus · Accepted Answer

Central planning is based on the belief that the government should have a large role in managing the economy for the benefit of the community or nation as a whole, rather than just focusing on individual interests. This typically involves collective decision-making and resource allocation designed to achieve certain economic and social outcomes, such as reducing poverty, improving access to education and healthcare, and advancing economic growth. This approach generally favors public ownership of industries, heavy regulation of markets and prices, and significant redistribution of wealth through taxes and social programs.

Central Planning Is Rooted in the Ideology That ________