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CONWORLD > Chapter 3 : Part 2 > Flashcards

Chapter 3 : Part 2 Flashcards

1
Q
  • all resources are privately - owed
A

Capitalism

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2
Q
  • Competition —-> efficiency
A

Capitalism

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3
Q
  • collective goal
A

Socialism

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4
Q
  • work for common good
A

Socialism

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5
Q
  • profit for everyone
A

Socialism

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6
Q

Information Revolution

A

↑technology=↓human labor

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7
Q

↑technology=↓human labor

A

Information Revolution

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8
Q
  • beyond borders
A

Global Corporations Multinational Corporations

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9
Q
  • international trade
A

Global Corporations Multinational Corporations

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10
Q
  • benefit private industries
A

Global Corporations Multinational Corporations

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11
Q

Positive

A
  • better allocation of resources
  • low prices of products
  • employment
  • higher product output
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12
Q

Negative

A
  • self-interested agendas
  • exploitation
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CONWORLD (10 decks)

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