Modernization Theory Claims That What We Need to Explain in Human

question 68

True/False

Modernization theory claims that what we need to explain in human history is not poverty but affluence.

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Definitions:

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but not full control, typically between 20% and 50% ownership.

Dividends

Distributions of earnings given by a business to its shareholders, often as profit sharing.

Equity Method

An accounting technique used by companies to assess the profits earned by their investments in other companies, where the investment income is proportional to the equity held.

Dividends

Distributions issued by a company to its shareholders, typically originating from the firm's earnings.