Industrial Mode Flashcards
1
Q
elements of capitalism
A
entrepreneurs, workers, market
2
Q
entrepreneurs/capitalists
A
own productive resources and want to generate commercial profit
3
Q
workers
A
no access to productive resources, must sell labor
4
Q
market
A
links workers and entrepreneurs by supply/demand, not legal or physical coercion
5
Q
consequences of capitalism
A
increased dynamism, social mobility, innovation, increased inequality
6
Q
features of the industrial mode
A
rationality, perpetual growth, modern state formation
7
Q
rationality
A
any problem can be solved by logic
8
Q
perpetual growth
A
productivity, division of labor, specialization
9
Q
modern state formation
A
national identity, cultural homogeneity because of similar education etc.
