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For example, the foraging behaviour of wasps is under the constant regulation and control of the queen. [8] The ant mill is an example of when a biological decentralized system fails, when the rules governing the individual agents are not sufficient to handle certain scenarios.
Decentralization or decentralisation is the process by which the activities of an organization, particularly those related to planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it.
Decentralized decision-making also contributes to the core knowledge of group intelligence and crowd wisdom, often in a subconscious way à la Carl Jung's collective unconscious. Decision theory is a method of deductive reasoning based on formal probability and deductive reasoning models.
There are various forms of economic planning that vary based on their specific procedures and approach. The level of centralization or decentralization in decision-making depends on the specific type of planning mechanism employed. In addition, one can distinguish between centralized planning and decentralized planning. [3]
A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. [1] [2] The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. [3]
For example, production and investment decisions may be semi-planned by the state, but distribution of output may be determined by the market mechanism. State-directed socialism can also refer to technocratic socialism—economic systems that rely on technocratic management and technocratic planning mechanisms, along with public ownership of ...
In the system, the say in decision-making is proportional to the impact on a person or group of people. Participatory economics is a form of a socialist decentralized planned economy involving the collective ownership of the means of production. It is a proposed alternative to contemporary capitalism and centralized planning.
Decentralization Coalition; Decentralization in Rwanda; Decentralization process in Peru; Decentralized application; Decentralized decision-making; Decentralized identifier; Decentralized web; Delegated administration; Democratic Party for a New Society; Departments of Bolivia; Devolution