(Key words)(Chapter 7) Political economy Flashcards
(definition) Anthropocentrism
view that places humans at the centre of the world
(definition) Commodification
the process of turning an object (natural resources) into a product that can be traded in the market (product)
(definition) Commodity
an object that can be bought, sold or traded
⭐️(definition) Conditions of production
the material or environmental conditions required for a specific economy to function
ex) natural resources
⭐️ (definition) First contradiction of capitalism
(definition) Globalisation
Culture, economies and societies are integrated around the world
⭐️(definition) Means of production
goods that`s required to produce goods and commodities
ex) factories
(definition) Overaccumulation
The concentration of capital in very few hands (wealthy individuals) or firms (banks)
⭐️(definition) Primitive accumulation
the process where land and resources were given to a few people that enabled them to start their business
(definition) Production of nature
idea that environment is shaped by human activity and it co-exists with people
(definition) Relations of production
it refers to the social relationships and roles that people have in the production process
⭐️ (definition) Second contradiction of capitalism
(definition) Social reproduction
obtaining the basic needs required to keep people healthy and productive
(definition) Spatial fix
refers to how businesses or economies solve problems by transferring production to a new location
(definition) Superfund
an environmental program established to address abandoned hazardous waste sites in the US
