Asked by: Eka Puschepersonal finance government support and welfare
What is the main objective of modernization process?
Last Updated: 25th March, 2020
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Also asked, what are the reason for modernization?
There are at least two major and related causes of modernization. One is the growth in science that came along (in Europe) with the Enlightenment. The other is the growth in available technology. When a country is pre-modern, its people generally do not believe in science.
Furthermore, what are the main premises of modernization theory? Modernization theory holds that this process involves increased availability and levels of formal schooling, and the development of mass media, both of which are thought to foster democratic political institutions.
In this way, what is the process of modernization?
From Wikipedia, the free encyclopedia. Modernization theory is used to explain the process of modernization within societies. Modernization refers to a model of a progressive transition from a 'pre-modern' or 'traditional' to a 'modern' society.
What are the advantages of modernization?
(I) Modernization improves the productivity and efficiency of the firm. (ii) The profitability of the firm goes up because of increased efficiency and reduced wastages. (iii) It makes available better quality products to the customers. (iv) The firm becomes more competitive in the long-run because of modernization.