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To say the internet has helped democratize knowledge means that

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Answer:

That the Internet gives people equal chances to contribute to collective knowledge.

User Jason Novak
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The "Internet" has played a vital role in the democratization of knowledge as they provide a ready access of information to the public. It simply means that there is acquisition and spread of knowledge and message/material amongst the common people, not just the privileged elites. 
User Eshaham
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