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What is meant by the "managerial revolution"?

A. The revolution by which managers and not politicians became the controllers of political power

B. Managers of industries have become so powerful that they can dictate the terms and conditions of their services

C. The fact that in the modern western capitalist economics, ownership of capital and control of capital have been separated

D. The industrial managers virtually control the economy of a country in the modern times

Answer: Option C

This Question Belongs to Political Science >> Political Thought

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