For both old and new democracies, owning businesses, not education, is key to success in government and in the economy.

Select one:
A. True
B. False



Answer :

Final answer:

In democracies, owning businesses is important, but education is equally crucial. Modernization theory doesn't conclusively connect economic growth to democratic institutions. Direct democracy means people participate directly in decisions.


Explanation:

False. Owning businesses is crucial in both old and new democracies for economic success, but education is equally important. A well-educated populace leads to informed decision-making in government and a skilled workforce, vital for economic growth.

The modernization theory does not definitively prove a causal link between economic growth and democratic institutions. Economic development can occur under various political systems.

Direct democracy involves people participating directly in decision-making, not interacting with politicians daily as implied in the question.


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