Chapter 7 Flashcards
Capital
What we use to get what we want
Economic Capital
Can become money or is money
Income
Where we get money/ how we are paid
Wealth
Money you have now (-) debts
Measures of Central Tendency
Median, Mean, Mode
Median
The middle value
Mean
Sum of values divided by # of values
Mide
Most often occurring number
Egalitarian
Belief that everyone is equal in value
Egalitarianism in foraging groups…
They were more egalitarian than we are now
Social stratification started
(Sorting group layers) -> 10,000 years ago (when farming started)
What farmers did with their food
Saved their food, sometimes starving occurred/ foraging does not produce food. Extra food farmers stored could be traded (land, animals)
When farmers had more food and could trade, overtime…
Social inequality rose (social stratification)
Caste Systems
Stayed in same layer (born in)
Federal systems
Rich controls poor
Enslavement Systems
Rich own slaves
Social Mobility
Ability to move up or down groups
Class Systems
Sorting into economic group
Wage
How much you get paid
Capitalism
The right to make more money than others (America, Elon Musk)
Humans buy a lot of things now, and capitalism helps lower prices
Karl Marx
(1818-1883) Was in Europe, during industrial evolution
Karl Marx said
Capitalism can be bad
Proletariat
Working class (blue collar)
Bourgeoise
The bosses (white collar)
Means of production
Things we use to create wealth
Labor
The work people do/ perform
Alienation
No connection between result of labor
Crisis of Capitalism
Event where capitalism does not recover
Class Consiousness
Social classes share interests
Socialism
System working together to create wealth/ money
Government distributes evenly
(Last Lectured term for Exam 2)
