Examlex
Private owners lose some control of the company when shares are sold to the public.
Globalization
The method through which individuals, businesses, and governments across the globe communicate and merge.
Industrialized Nations
Countries that have undergone industrialization, characterized by significant economic growth through the development of manufacturing and services industries.
Modernization Theory
A theory suggesting that economic development leads to predictable cultural and social changes towards a modern state similar to Western societies.
Poor Countries
Nations characterized by low levels of income, economic activity, and development, often facing challenges such as inadequate healthcare and education.
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