Question | Answer |
Economy definition | System by which goods and services are produced, distributed, and consumed. |
Industrial society | Organized around the provision of services |
Capitalism | economy based on competition. means of production are privately owned |
Socialism | state owns and manages the basic industries in the state. It's like capitalism combined with communism |
Communism | state is sole owner of its means. State admins declare prices and production goals. |
Why are jobs moved overseas? | less money for more work |
What is the highest chance that someone has of obtaining upward mobility? | college education though they are become more common |
deindustrilization | switching from goods-producing to service-producing |
job displacement | certain job types are no longer used causing employees to be jobless |
structural unemployment | created by job displacement. Lost job that is caused by society and not an individual's work performance |
Automation | Workers being replaced by robots |
Mismatch theory | Province is unfair for minorities. They don't all have the same advantages. |
Multinatonial corps | worldly company that gets a lot of money from foreign employment but share a lot of their revenues with other countries participating. |
xenophobia | fear or hatred toward foreigners, partly caused by foreigners taking jobs overseas and in the US |
what's a global assembly line? | different countries have a part in manufacturing an item |
functional theory on work | jobs function and fulfill societal needs. |
conflict theory and work | work creates tension and people are rewarded unequally in the workplace |
symbolic interaction theory | Work is done paid and unpaid. Many people have different social interactions in work. |
underemployment | a Ph.D. driving a taxi for a living |
Division of labor | One group is responsible to harvesting crops while the other is responsible for hunting game |
Occupational Distribution | women are more clerical workers while men are more manual or leaders |