Overview
Social structures are essential in understanding economic development as they encompass the relationships and institutions that shape economic activities. These structures influence how resources are allocated, how communities engage in development, and how inequalities are addressed. By examining s...
Key Terms
Example: Communities with high social capital often have better economic outcomes.
Example: Economic inequality can lead to social unrest.
Example: Community engagement can improve local economic development initiatives.
Example: Strong institutional frameworks can support economic growth.
Example: Modernization theory is one approach to understanding development.
Example: Social networks can facilitate job opportunities.