Chapter 13 - Political economy

Question 1

What is the political economy?

Answer 1

The interdisciplinary, social scientific study of the ways in which wealth influences power and power influences wealth.

Question 2

What is power?

Answer 2

the ability to control others, even against their will.

Question 3

What is the role of government?

Answer 3

Governments set policies, laws, and regulations that affect the creation and distribution of wealth in society.

Question 4

What are the role of political parties?

Answer 4

compete, via elections, to form the government

Question 5

What are the top 5 political parties in Canada?

Answer 5

Liberal, Conservative, NDP, Green and bloc

Question 6

What are social movements?

Answer 6

Social Movements form to
challenge the laws and regulations with the aim of causing change in the way wealth is created and
distributed.

Question 7

What was Max Weber’s 3 ideal types of Authority?

Answer 7

Traditional authority, Legal-rational authority and charismatic authority

Question 8

What is traditional authority?

Answer 8

Rulers INHERIT authority through family or clan
Ties. The right of a family or a clan to monopolize
Leadership is widely believed to derive from the Will of God.

Question 9

What is legal-rational authority?

Answer 9

In modern societies, authority derives from
respect for the law. Laws specify how a person
can achieve office. People generally believe
laws are rational. If someone achieves office
by following the law, his or her authority is
respected.

Question 10

What is charismatic authority?

Answer 10

Sometimes extraordinary charismatic individuals challenge traditional or Legal-Rational Authority. They claim to be inspired by (a) God or some higher principle that transcends
other forms of authority

Question 11

What is a political revolution?

Answer 11

the overthrow of political institutions by an opposition movement and its replaced by new institutions.

Question 12

What does the state consist of?

Answer 12

The state consists of the institutions responsible for formulating and carrying our a country’s laws and public policies.

Question 13

What is the main state institutions?

Answer 13

1) Monarch
1) Legislative branch
2) Executive Branch
3) Judicial Branch
1a) Senate
1b) House of Commons
2a) Prime minister
2b) Cabinet
3a) Supreme court of Canada
3b) Lower courts

Question 14

What is civil society?

Answer 14

Civil Society is the private sphere of social life. It consists of the areas of social life that are organized by individuals and groups beyond the direct control of The State.

Question 15

What are the types of states?

Answer 15

Authoritarian, Totalitarian, Democracies

Question 16

What is an authoritarian state?

Answer 16

sharply restrict citizens control of the state. (Syria, Libya, Afghanistan)

Question 17

What is a Totalitarian state?

Answer 17

citizens have almost zero control of the state (North Korea, Nazi Germany)

Question 18

What is a Democratic state?

Answer 18

citizens exercise a relatively high degree of control over the state by choosing representatives in regular competitive elections. (Canada, India, Brazil)

Question 19

What is power resource theory?

Answer 19

Conflict Theories believe the extent to which classes are socially organized helps to determine their level of power.

Question 20

What is a Labour Market?

Answer 20

Markets are social relations that regulate the exchange of goods and services.

Question 21

How is the market price of a commodity determined

Answer 21

supply, demand, degree of regulation