Explain the Meaning of "There Must Be a Perceived Surplus

question 9

Essay

Explain the meaning of "There must be a perceived surplus of social capital before individuals are prepared to invest this capital in external endeavours".

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Definitions:

Gratuitous Bailment

A bailment for the sole benefit of either the bailor or the bailee, in which the other party receives no consideration for benefits bestowed.

Liable

Legally responsible.

Damages

Money recovered by a party in a court action to compensate that party for injury or loss.

Ancestors

Immediate family members from previous generations, such as parents, grandparents, and great-grandparents.