Which theory holds that business power is exercised in a society in which other institutions such as markets,government,labor unions,advocacy groups,and public opinion also have great power?
A) State autonomy theory
B) Elite theory
C) Pluralist theory
D) Dominance theory

Question

Quizplus · Accepted Answer

The theory described is known as pluralist theory, which holds that no single group holds all the power in society and that power is distributed and contested among various institutions such as government, markets, advocacy groups, and public opinion. The other options, state autonomy theory and elite theory, posit that power is concentrated in the hands of either the state or a small group of elites, respectively. Dominance theory asserts that power is held by a dominant group, but does not account for the power held by other institutions in society.

Which Theory Holds That Business Power Is Exercised in a Society