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SOCI1010 Chp 12 Poli

Introduction to Sociology: Chapter 12, Economics and Politics, De More

social institution major sphere of social life organized to meet human needs (i.e: the family)
economy social institution thta organizes a society 's production, distribution and consumption of goods and services
postindustrial economy productive system based on service work and computer technology
primary sector part of economy that draws raw materials from the natural environment
secondary sector part of the economy thta transforms raw materials into manufactured goods
tertiary sector part of the economy that involves services rather than goods
global economy economic activity that crosses national borders
capitalism economic system in which natural resources and the means of producing goods and services are privately owned
socialism economic system in which natural resources and the means of producing goods and services are collectively owned
welfare capitalism economic and political system that combines a mostly market -based economy with extensive social welfare programs
state capitalism an economic and political system in which companies ar eprivately owned but cooperate closely with the government
profession a prestigious white-collar occupation thta requires extensive formal education
corporation an organization with a legal existence, including rights and liabilities, seperate from that of its members
monopoly domination of a market by a single producer
oligopoly domination of a market by a few producers
politics social institution that distributes power, sets a societies goals and makes decisions
power ability to achieve desired ends despite resistance from others
government formal organization that directs the political life of a society
authority power that people perceive as legitimate rather than coercive
routinization of charisma transformation of charismatic authority into some combination of traditional and bueraucratic authority
monarchy political system in which a single family rules from generation to generation (traditional authority)
democracy political system that gives power to the people as a whole
authoritarianism political system that denies peopl eparticipation in government
totalitarianism highly centralized political system that extensively regulates peoples lives
pluralist model analysis of politics that sees power as spread among many competing interest groups
power-elite model analysis of politics that sees power as concentrated among the rich
marxist political-economy model analysis of politics that explains politics in terms of the operation of the operation of a society's economic system
military industrial complex close association of the federal government military and defense industries
Created by: MrsAFlaherty