Examlex
The amount of variance in the original variables that is associated with a factor is represented by
Wealth Creation
The process of generating more assets and money through various means such as investment, entrepreneurship, and economic growth, contributing to increased economic value.
Dependency Theory
A theory suggesting that global inequality is due to the exploitation of peripheral and semi-peripheral countries by core countries.
Modernization Theory
A theory in sociology that suggests societies progress linearly from traditional to modern states through processes of industrialization and democratization.
Underdevelopment
Underdevelopment is the condition in which a country or region suffers from a lack of economic progress, often marked by poverty and lower standards of living.
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