What is centralization?

Centralization is the process of concentrating power, authority, decision-making, or control within a single entity or a small group of individuals. This can refer to a centralized government, organization, or system where decisions are made at the top level and implemented throughout the organization. Centralization can lead to more efficient decision-making and coordination, but it can also result in a lack of flexibility, slower response times, and reduced autonomy for lower-level employees or entities.