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American Society and Its Values

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Question
Answer
rules   Specific expectations about what our behavior should be.  
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social institutions   Systems of values and rules that determine how our society is organized. Five major institutions in our society are the family, religion, education, the economy and government.  
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socialization   The process of learning how to participate in a group; learning to accept the values i a group and learning the rules for behavior within it.  
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family   The most basic social institution in any society.  
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blended family   Families made up of adults and their children from previous marriages.  
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economy   A system of producing and distributing goods and services to fulfill people's wants.  
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democracy   A system of government in which the power is shared by all the people.  
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price   The amount a person must pay for a good or service.  
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monarchy   A form of government in which all or most of the power is in the hands of one individual, the monarch, whose authority is hereditary.  
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money   Anything that is generally accepted as payment for a good or service.  
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consumer   A person who uses, or consumes, goods and services to satisfy his or her wants.  
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market   A place or situation in which an exchange of goods or services takes place, such as stores, shops, or stock exchanges  
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