Question

In reference to sociologists who think that social institutions affect global inequality more than geography does, identify the following as either likely to spur economic growth or hinder it?

a) colonizers invest resources in transportation and infrastructure
b) colonizers establish a judiciary system
c) colonizers extract natural resources
d) colonizers do not settle within society's borders

Answer 1

Likely to spur economic growth;

a) Colonizers invest resources in transportation and infrastructure.

b) Colonizers establish a judiciary system.

Likely to hinder economic growth;

c) Colonizers extract natural resources

d) Colonizers do not settle within society's borders

Step-by-step explanation:

The concept of economic growth is fundamental in capitalist economies. Productivity must grow as population grows and capital must grow to feed into increased productivity. Investment of capital leads to returns on investment (ROI) and increased capital accumulation.

Social inequality occurs when resources in a given society are distributed unevenly, typically through norms of allocation, that engender specific patterns along lines of socially defined categories of persons.

Results has shown that developing countries with high inequality tend to grow more slowly. Also some results show that developing countries with high inequality tend to grow more slowly.