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Which model of economic planning gives power to many local groups and communities to make their own choices about goods and services, rather than a single main office?



The economic planning model that empowers many local groups and communities to make their own choices about goods and services, rather than a single main office, is called decentralized economic planning. In this system, decision-making authority is spread out among various levels of government or organized groups within a society, and also among individual consumers and producers. Contrast this with centralized economic planning, where a single national or main office dictates product....

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Redundant Elements