Final Soc- Chapter 10 Flashcards
(11 cards)
an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society
Capitalism
a method for organizing and distributing resources, goods, and services across a society. traditional economies, command economies, market economies, and mixed economies
Economic Systems
the economic system that encompasses all economic activity between and within nations
Global Economies
the result of a compensation system change that adds lower compensation levels for workers who either change posi tions or begin employment after a certain date, usually the date when the union-management contract becomes effective
Labor Tiers
those that occupy the dominant positions, in the three pillar institutions (state security, economic and political) of a dominant country
Power Elite
an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership
Socialism
a system of government in which priests rule in the name of God or a god
Theocracy
a profit-oriented business that operates in and is registered in more than one country
Transitional Corporations
a type of leadership in which the authority of a ruling regime is largely tied to tradition or custom
Traditional Authority
a form of leadership characterized by exceptional personal qualities and a strong appeal to followers, often seen in movements that arise in response to social or cultural disruptions
Charismatic Authority
a form of leadership in which the authority of an organization or a ruling regime is largely tied to legal rationality, legal legitimacy and bureaucracy
Legal-Rational Authority
