Institutions that favor a small group at the expense of the rest of society are referred to as ______.
A) inclusive institutions
B) extractive institutions
C) exploitative institutions
D) authoritarian institutions

Question

Quizplus · Accepted Answer

Extractive institutions are designed to extract resources and wealth from the vast majority of the population to benefit a small elite group, often at the expense of the rest of society's well-being and economic prospects.

Institutions That Favor a Small Group at the Expense of the Rest