An Important Addition to the Three Traditional Broad Theories of Development

question 45

Short Answer

An important addition to the three traditional broad theories of development has been the ________ foundations of development.

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Definitions:

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising numerous countries, cultures, and languages.

Minimum-wage Laws

Regulations establishing the lowest wage that employers can legally pay their workers.

Unemployment

A situation where individuals who are capable of working and willing to work cannot find employment.

Cartel

A group of firms acting in unison