One of the Reasons for the Decline of Central Planning

question 59

True/False

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

---

Definitions:

Small Businesses

Small businesses are independently owned and operated companies that are limited in size and revenue, depending on the industry.

Personal Communication

Direct interaction between individuals, allowing for the exchange of information or ideas.

Prospective Customer

An individual or organization that could potentially purchase a product or service but has not yet done so.

Needs

Basic or necessary desires or requirements essential for an individual's well-being or the effective functioning of a system.