Examlex
Which of the following theories does modernization theory have roots in?
Compensating Differentials
Wage differences across jobs that reflect the desirability of the job attributes, compensating workers for non-monetary aspects of different jobs like risk or undesirable hours.
Median Earnings
The middle value of earnings in a group, indicating that half of the group earns more and half earns less than this amount.
Private Businesses
Enterprises owned, operated, and managed by individual entrepreneurs, groups, or families, primarily for profit, without state control.
Working Conditions
The environment, terms, and circumstances under which employees work, including aspects like hours, safety, rights, and wages.
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