Sociology - Economy and Politics

evelynfranco's version from 2016-11-03 18:31

Section 1

Question Answer
Economythe system by which goods and services are produced, distributed and consumed.
Postindustrial societiesorganized around the provision of information and services
Capitalisman economic system based on the principals of market competition, private property, and the pursuit of profit
Socialisman economic institution characterized by state ownership and management of the basic industries
Communismndustry is not the private property of owners, the state is the sole owner of the systems of production
Global economyacknowledges that all dimensions of the economy now cross national borders, including investment, production, management, markets, labor, information, and technology
Multinational corporationsdraw a large share of their revenues from foreign investments and conduct business across national borders
Global assembly linenew international division of labor in which research and development is conducted in the U.S, Japan, Germany, and other major powers
Outsourcingtransfer of a specialized task from one organization to another that occurs for cost saving
Economic restructuringthe contemporary transformations in the basic structures of work that are permanently altering the workplace

Section 2

Question Answer
Authoritypower perceived by others as legitimate and formal.
Bureaucracyformal organization characterized by an authority hierarchy, a clear division of labor, explicit rules, and impersonality
Pluralist modelinterprets power in society as derived from the representation of diverse interests in different groups in society
Interest group can be any constituency in society organized to promote its own agenda including large, nationally based groups such as the AARP and the NRA
Power elite modellinked to the framework of the conflict theory
Autonomous state modelinterprets the state as its own major constituent
Governmentncludes those institutions that represent the population, making rules that govern the society
Totalitarianan extreme form of authoritarianism where the state has total control over all aspects of public and, to the extent possible, private life
Propagandaisseminated with the intention to justify the state’s power
Alienationa feeling of powerlessness and separation from society