Modernization Theory Focuses on the Production of Wealth,while Dependency Theory

question 71

True/False

Modernization theory focuses on the production of wealth,while dependency theory focuses on the distribution of wealth.

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Definitions:

Reality

The actual condition of affairs, in contrast to a theoretical or imaginary version of them.

Good Theory

A well-substantiated explanation of some aspect of the economic world that can predict outcomes and withstand empirical testing.

Forecasting Ability

The capability to predict future trends, events, or behaviors based on past and current data.

Complex Reality

The concept that reality is composed of many interacting components that can be difficult to fully understand or predict.