Examlex
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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.
Business Tort
A civil wrong, apart from breach of contract, committed by or against an organization during the course of conducting business, leading to legal liability.
Contractual Relations
The legal obligations and rights established between parties who have entered into a contract.
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