______________ is based on a marketoriented perspective that assumes that "pure" capitalism is good and that the best economic outcomes occur when governments follow the policy of laissez- faire (handsoff)business,giving capitalists the opportunity to make the "best" economic decisions.
A)World systems theory
B)Dependency theory
C)Modernization theory
D)New international division of labor theory

Question

______________ is based on a market­oriented perspective that assumes that "pure" capitalism is good and that the best economic outcomes occur when governments follow the policy of laissez- faire (hands­off)business,giving capitalists the opportunity to make the "best" economic decisions.
A)World systems theory
B)Dependency theory
C)Modernization theory
D)New international division of labor theory

Quizplus · Accepted Answer

The description provided aligns with the principles of modernization theory, which emphasizes the benefits of capitalism and free markets in driving economic growth and development. This theory proposes that developing countries can achieve economic development by adopting the practices and institutions of the developed world.

______________ Is Based on a Market­oriented Perspective That Assumes That

______________ Is Based on a Marketoriented Perspective That Assumes That