Burnham’s theory was that capitalism was in decline and was in being replaced by a …................... societya.managerialb.socialc.communald.business

Burnham's theory suggested that capitalism was in decline and was being replaced by a managerial society. This concept was articulated in his work where he argued that the managerial class, consisting of professional managers, would take on a pivotal role in the organization of society and the economy. Instead of being centered around traditional capitalist ownership, in a managerial society, the focus shifts towards the administration and control of resources by managers. This reflects a broader social and economic transition where technical expertise and administrative capabilities become the key drivers of progress, suggesting that economic power is increasingly being concentrated in the hands of managers rather than owners of capital. Thus, according to Burnham, the rise of a managerial society marks a fundamental shift in the dynamics of power and organization within the economy.