Pg.379.Sharlene Hesse Biber and Greg Lee Carter
Pg.380. Thoristein Veblen
Pg.385.Economist Adam Smith
Pg.386. Sociologist Karl Marx
Pg.390 Conflict Theorist
Pg.390. Karl Marx
Pg.390 Symbolic integrationist
Pg.394. Social Anylets
Pg.403. According Journalist
Chapter 13 Outline:
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-Economy is the social institution that ensures the maintence of society
-Services are intagangiable….
-Primary Sector Production
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-Surplus
-Barter
-Money
-Cottage Industries
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-Industrial Economies results from sweeping changesf
-Secondary Sector Production-the processing o raw materials into finished goods.
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-Conspicuous consumption
-Conspicuous Leisure
-Tertiary Sector Production-the provision of services rather than goods.
Pg.382 * Capitalism and Socialism are the principle economic models * Capitalism is and economic system….. * Money * Labor Union is a group of employees who join together….
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-Corporations-Large Scale organizations that have legal powers,such ablity to enter into contracts
-Sit down Strike
-Transnational Corporations: Large corporations that are headquarters…
-Traditional Corporations are not dependent on the labor, capital or technology of any one country…
-Pursuit of personal profit: a tenet of capitalism is the belif that people are free to maximize their individual gain through personal profit
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-During the period of industrial capitalism however,specific individuals and families were primary recipitents.
-In advanced (late) monopoly capitalism,profits have become even more concentrated.
-Competition: In theory, competition acts as a balance to excessive profits.
-Oligopoly:Exists when several companies overwhelmingly control an entire industry.
-Shared Monopoly: Exists when four or fewer companies supply 50 percent or more of a particular market.
-Across industries:
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-Conglomerates: Combinations of business in different commercial