Chapter 2 - Markets and Society Flashcards
(29 cards)
Core sphere
Households, families and informal community groups
- intrinsic motivated
- not financially rewarded
- makes up at least 25% of the GDP (statistic is rare)
- mostly performed by women
Wie hoch ist der Anteil an unbezahlter Care Arbeit im Vergleich zu bezahlter? (GER)
1,7 x so hoch
Wieviel Minuten arbeiten Frauen in Deutschland mehr in unbezahlter care Arbeit?
Täglich 87 min
Wie hoch ist der Anteil der Arbeit die Frauen in der Privaten Pflege leisten?
2/3 der Arbeit
Wie hoch ist der Anteil Global an unbezahlter care Arbeit von Frauen?
2,5 x soviel wie von Männern
Puplic sphere
Governments and other local, national and international organizations established for some puplic purpose beyond individual or family self- interests, operating without the goal of profit making
-dependend on paid workers (smaller salery than buisness sphere)
Puplic good
A good whose benefits are freely available to anyone, and whose use by one person does not diminish its usefulness to others
Anteil von Government am german gdp
28%
In General Puplic sphere for development country’s in GDP
1/3 Of GDP
Critic of the Puplic sphere
- too bureaucratic
- inefficiency
- inpersonal
WHO decides the agenda?
- private donors ( ngo)
- majority, minority’s ? (Governments)
Buisness Sphere:
Firms that produce goods and services for profitable sale (profit for owner)
Possible other goals:
- Corporate Citizen
(Responsible for employees and community)
- goals of individuals in the form ( fe CEO)
Strength of the buisness sphere ?
- one clear goal
- innovation (motivation financial reward)
- efficiency (?)
Weakpoints of the buisness sphere
- don’t care about externalities
- pervers forms of innovation
- consumers might not be aware and informed about the quality of their products
- Monopol tendenzies
The informal sphere?
Buisness normally small in scale, operating outside government oversight and regulations
(Fe: Prostitution, Schwarzarbeit)
Anteil besonders hoch on developing countries
- more work for women and undocumented migrants
Three definitions of markets
1) a Place to buy and sell
2) defined by product categories
3) „The market“ as economic System
Laisser-faire Economy
An economy with Little government regulations
Strengths of the market as economic system
Economic growth
Prosperity
Weakness of market economy
Poverty
Inequality
environmental degradation
Erosion of Social ethics
Institutions ?
A way of structuring human activities based on customs, infrastructure and laws
4 Classes of institutions
1) Individualist Institutions related to property and decision making
2) Social institutions of trust
3) infrastructure for the smooth flow of goods and information
4) money as a medium of exchange
Property:
Ownership of assets by non-government economic actors
What kind of institutions take care of ideas as property, ownership, markets, law and so on?
Individualist Institutions
How is social trust as a institution managed?
- in direct 1-1 relationships
- reputation
- cultural or religious norms
- contracts
Explicit Contract?
A formal, often written agreement about the terms of a exchange and may be enforced through a legal system
