Glossary entry (derived from question below)
English term or phrase:
decentralization of power
English answer:
division of power among others.
Added to glossary by
adel almergawy
Apr 27, 2020 13:59
4 yrs ago
34 viewers *
English term
decentralization of power
Non-PRO
FVA
English
Marketing
Finance (general)
Critics of capitalism argue that it establishes power in the hands of a minority capitalist class that exists through the exploitation of the majority working class and their labor; it prioritizes profit over social good, natural resources and the environment; and it is an engine of inequality, corruption and economic instabilities. Supporters argue that it provides better products and innovation through competition, disperses wealth to all productive people, promotes pluralism and decentralization of power
Change log
Apr 27, 2020 14:01: Jennifer Caisley changed "Level" from "PRO" to "Non-PRO"
Apr 27, 2020 20:38: adel almergawy Created KOG entry
Responses
+2
21 mins
Selected
division of power among others.
division of power among others.
Note from asker:
Thanks |
Peer comment(s):
neutral |
writeaway
: refs (dico etc.)?
2 hrs
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There is none.
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agree |
Irina Solodova
4 hrs
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Thanks
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neutral |
Daryo
: roughly that, but who or what would be the "others" ??
4 hrs
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agree |
AllegroTrans
6 hrs
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Thank you.
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4 KudoZ points awarded for this answer.
Comment: "First validated answer (validated by peer agreement)"
4 mins
(power goes to "smaller" authorities)
In layman's terms, it means that smaller authorities, like cities, towns, or small businesses can make their own regulations rather than a big, central entity (overall country or a major corporation). Emphasis on the business examples for your context.
Note from asker:
Thanks |
Peer comment(s):
agree |
philgoddard
2 hrs
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disagree |
Daryo
: this ST is about the power of the "capitalist class" NOT about the power of state institutions (at whatever level)
5 hrs
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Hence "major corporation" and "emphasis on the business examples." The link explains decentralizion of all types in layman's terms for several applications. The last (post) sentence implies, without further context, that these could be being referred to.
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Discussion