A Condition Necessary for a Country to Achieve Economic Growth

question 97

Multiple Choice

A condition necessary for a country to achieve economic growth is

• A)democracy.
• B)government control of the banking system.
• C)economic freedom.
• D)strict environmental regulations.
• E)high tax rates so the government can purchase a lot of capital equipment.

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Definitions:

Social Darwinism

A theory applying Darwin's concept of natural selection to societal groups, suggesting that social hierarchies and competition are natural and beneficial.

Sociology of Knowledge

The study of the relationship between human thought and the social context within which it arises.

Karl Mannheim

A sociologist known for his work on the sociology of knowledge, exploring how social structures influence human thought.

Exchange Theory

A viewpoint from social psychology and sociology that interprets social stability and change as a result of exchanges negotiated among individuals or groups.