Question | Answer |
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 |