The correct answer is C. Social welfare and investment in human capital.
The Kerala Model is a development model that has been implemented in the Indian state of Kerala. It emphasizes social welfare and investment in human capital, such as education and healthcare. This model has been successful in reducing poverty and inequality in Kerala.
Free-market capitalism is an economic system in which the means of production are privately owned and operated for profit. This system is based on the idea of competition, which is supposed to lead to lower prices and higher quality goods and services. However, free-market capitalism can also lead to inequality, as the wealthy are able to accumulate more wealth than the poor.
Centralized planning is an economic system in which the government controls the means of production and distribution of goods and services. This system is based on the idea that the government can better allocate resources than the private sector. However, centralized planning can also lead to inefficiency and corruption.
Tourism-driven growth is an economic development strategy that relies on attracting tourists to a country or region. This strategy can be successful in generating income and creating jobs, but it can also lead to environmental degradation and social problems.
In conclusion, the Kerala Model is a development model that emphasizes social welfare and investment in human capital. This model has been successful in reducing poverty and inequality in Kerala.