Chapter 11 theories Flashcards
1
Q
Capitalism
A
And economic system where producing goods and services are private owned
2
Q
Capitalist theorist
A
Adam Smith economy produces the greatest good for the greatest number of people free market
3
Q
Socialism
A
Economic system in which natural resources and producing goods are collectively owned
4
Q
Socialism theorists
A
Karl Marx down with capitalism
5
Q
Structural functional view economy
A
Cease power as spread throughout society pluralist theory everyone has some political voice Society is democrat
6
Q
Social conflict theory economic view
A
The power elite model developed by mills our society is run by power elite capitalist economy No society is not democratic
