Some Critics Claim That Modernization Theory

question 3

Multiple Choice

Some critics claim that modernization theory

• A)ignores how rich nations prevent the economic development of poor nations.
• B)amounts to an attack on capitalism.
• C)treats rich and poor societies as linked.
• D)amounts to an attack on socialism.

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Definitions:

Market Strategy

A comprehensive plan that outlines how a business will reach potential consumers and turn them into customers of their products or services.

Social Responsibility

The ethical framework suggesting that individuals or organizations have an obligation to act for the benefit of society at large.

Demand Legitimacy

The perceived appropriateness and justification of a demand or request made by stakeholders based on societal norms and values.

Stakeholders

Individuals or groups with an interest or concern in the success of an organization, project, or endeavor, including employees, customers, investors, and the community.