What term is used to describe a situation in which laws, customs, or practices in a society give select groups the ability to gain wealth by draining it from the population at large?

Question

Quizplus · Accepted Answer

Extractive institutions are designed to extract wealth and resources from the majority of the population to benefit a small elite group, often leading to economic disparities and lack of opportunities for the broader population.

What Term Is Used to Describe a Situation in Which