Merits of decentralization include increased efficiency, as decision-making is closer to the point of service delivery, increased accountability and responsiveness to local needs, and reduced burden on central government. Demerits include potential duplication of services, lack of consistency in policy implementation, and challenges in coordinating resources and efforts across different regions.
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Merits of liberalization: It can lead to increased competition, innovation, and efficiency in industries, stimulate economic growth, attract foreign investment, and create more opportunities for consumers. Demerits of liberalization: It can result in job losses in certain sectors, widening income inequality, exploitation of labor, environmental degradation, and vulnerability to global economic shocks due to increased interconnectedness.
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Merits-Everyone is Equal. Demerits-Everyone is Equal.