Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
sociology ch13
| Question | word |
|---|---|
| extraction of raw materials from the environment. ex. fishing, hunting, farming | primary sector |
| concentrates on the use of raw materials to manufactor goods | secondary sector |
| emphasis is on the providing of services | teritary sector |
| factors of production that are owned by individuals rather than the government. The forces of profit and competition regulate economic activity | capitalism |
| factors of production that are owned by the govt which regulate economic activity | socialism |
| states that producers will supply more products when they can charge higher prices and fewer products when the must charge lower products | law of supply |
| states that consumers will demand more of a product as the prices of the product decreases | law of demand |
| french term that is best translated let people do as they choose | laissez-faire |
| to commit to limit the government control of business operations and has resulted in the labeling of capital economists | free-enterprise |
| a political and economic system in which property is communally owned, no social classes. | communism |
| power to exercise complete authority over the lives of individual citizens | totalitarianism |
| business organization that is owned by stock holders and is treated as if it was an individual person | corporations |
| market situation in which the few larger companies control and industry | oligopoly |
| use of trase barriers to protect domestic manufacturers for foreign competitions | protectionism |
| trade that is not restricted by trade barriers between countries | free trade |
| any corportation that has factories and offices in several countries | moltinational |
| business conducted over the internet. Not based on traditional factors of production but instead is based on information | e-commerce |
| ability to control the behavior of others with or without their consent | power |
| primary political authority in society | state |
| system of roles and norms that governs the distribution and exercise of power and society | political institution |
| Power that is based on a long standing custom | iraditional authority |
| roles and regulations that clearly outline the rights and obligations of those in power | rational legal authroity |
| power that is considered illigetimate by the people being govern | coercion |
| power that is exercised by the people | democracy |
| type of government in which one person rules | monarchy |
Created by:
tatiana6634
Popular History sets