Urban centralization reached its peak in the US in 1900
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Centralization is a common concept in business and finance. It
has to do with keeping all records in a central place.
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The act or process of centralizing, or the state of being centralized; the act or process of combining or reducing several parts into a whole; as, the centralization of power in the general government; the centralization of commerce in a city.
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The main disadvantage of centralization is managers are
overburdened. There is also a chance of misusing the powers and
lack of environmental adaptation.