chapter 15 Flashcards
economies, work and consumption (20 cards)
economies
social institutions that organise the production, distribution and consumption of goods and services
primary sector
generates raw material directly from the natural environment
secondary sector
transforms raw materials into manufactured goods
tertiary sector
generates services rather than goods
capitalism
an economic system in which resources and the means of producing goods and services are privately owned
fordism
an economic system based on mass assembly-line production, mass consumption and standardised commodities
post-fordism
new economic system is based on flexibility, specialisation and tailor-made goods
global economy
economic activity spanning many nations of the world with little regard to national borders
socialism
an economic system in which natural resources and the means of producing goods and services are collectively owned
communism
an economic and political system in which all members of a society are socially equal
democratic socialism
an economic and political system that combines significant government control of the economy with free elections
state capitalism
an economic and politcal system in which companies are privately owned, altough they cooperate closely with the government
primary labour market
occupation that provide extensive benefits to its workers
secondary labour market
jobs providing minimal benefits to workers
occupational gender seggregation
works to concentrate men and women in different types of jobs
self-employment
earning a living without working for a large organisation
underground economy
economic activity generating income that is unreported to the government as is required by law
trade unions
organisations of workers seeking to improve wages and working conditions through various strategies, including negotiations and strikes
corporation
organisations with legal existence, including rights and liabilities, apart from those of their members
disneysation
the process by which the principles of the disney theme parks are coming to dominate more and more sectors of american society, as well as the rest of the world
