Fordism
system of production created by Henry Ford, introduced the assembly line. application of scientific management principles
economic transactions that are off the book and outside the sphere of normal paid employment
informal economy
economy
system of production and exchange that provide material needs of people. 3 parts: production, distribution and consumption
temporary stoppage of work by a group of employees to express grievance or enforce a demand
strike
alienation
the sense that our ablities as humans are taken over by other entities. the loss of workers’ control over the nature and products of their labor
system of production created by Henry Ford, introduced the assembly line. application of scientific management principles
Fordism
organization or work setting where people are permitted a great deal of autonomy and control over the work task
high trust system
Taylorism
a set of ideas “scientific management” by Frederick Winslow Taylor involving simple, coordinated operations in an industry. how to get workers to work quickly and efficiently
capitalistic enterprise owned and administered by entrepreneurial families
family capitalism
family capitalism
capitalistic enterprise owned and administered by entrepreneurial families
system of production and exchange that provide material needs of people. 3 parts: production, distribution and consumption
economy
characteristics of work
money, activity level (acquire and use skills), variety, time structure, social contacts, source of personal identity (doctors/generals)
NOC
national occupational classification
money, activity level (acquire and use skills), variety, time structure, social contacts, source of personal identity (doctors/generals)
characteristics of work
activity where people produce to ensure their survival. carrying out tasks that require efforts (physical or mental) for a goal
work
a set of ideas “scientific management” by Frederick Winslow Taylor involving simple, coordinated operations in an industry. how to get workers to work quickly and efficiently
Taylorism
the specialization in producing goods for the world market that divides regions into zones of indutrial or agricultural production or high or low skilled labor
international division of labor
work
activity where people produce to ensure their survival. carrying out tasks that require efforts (physical or mental) for a goal
union density
a stat that represents the number of union members as a percentage of the number of people who could potentially be union members
managerial capitalism
capitalistic enterprises administered by managerial executives rather than by owners
informal economy
economic transactions that are off the book and outside the sphere of normal paid employment
institutional capitalism
capitalistic enterprise organized on the basis of institutional shareholding
capitalistic enterprises administered by managerial executives rather than by owners
managerial capitalism
capitalism
an economic system based on the private ownership of wealth, which is invested and reinvested in order to produce profit
a situation where a small number of firms dominate a given industry
oligopoly
occupation
paid employment that can change often
high trust system
organization or work setting where people are permitted a great deal of autonomy and control over the work task
paid employment that requires skill, knowledge and education. specialization in a field. doesn’t change jobs often
profession
monopoly
a situation where a single firm dominates a given industry
specialization of work tasks, so different occupations are combined within a production system
division of labor
in the division of labor, people depend on others to produce most of the goods they need to sustain their lives
economic interdependence
low-trust system
organization or work setting where people are allowed little responsibility or control over the work task
a situation where a single firm dominates a given industry
monopoly
division of labor
specialization of work tasks, so different occupations are combined within a production system
oligopoly
a situation where a small number of firms dominate a given industry
the application of knowledge of the material world to production. creation and use of materials.
technology
strike
temporary stoppage of work by a group of employees to express grievance or enforce a demand
a stat that represents the number of union members as a percentage of the number of people who could potentially be union members
union density
national occupational classification
NOC
an economic system based on the private ownership of wealth, which is invested and reinvested in order to produce profit
capitalism
technology
the application of knowledge of the material world to production. creation and use of materials.
business corporations located in 2 or more countries
transational or multinational corporations
transational or multinational corporations
business corporations located in 2 or more countries
the sense that our ablities as humans are taken over by other entities. the loss of workers’ control over the nature and products of their labor
alienation
economic interdependence
in the division of labor, people depend on others to produce most of the goods they need to sustain their lives
paid employment that can change often
occupation
welfare capitalism
practice where large corporations protect their employees from vicissitudes (unpleasant fortune) of the market
practice where large corporations protect their employees from vicissitudes (unpleasant fortune) of the market
welfare capitalism
profession
paid employment that requires skill, knowledge and education. specialization in a field. doesn’t change jobs often
international division of labor
the specialization in producing goods for the world market that divides regions into zones of indutrial or agricultural production or high or low skilled labor
organization or work setting where people are allowed little responsibility or control over the work task
low-trust system
capitalistic enterprise organized on the basis of institutional shareholding
institutional capitalism