Sociology Flashcards
3 types of sociological theory
- Structural-functionalist
- Symbolic-interactionism
- Social-conflict
2 levels of sociological theory
Macro level
- (structural-functionalist and social-conflict), and Micro level
- (symbolic-interactionism)
Economy
social institution that organizes the production, distribution, and consumption of goods and services
Property
indicator of where one fits into the class structure
Agriculture revolution
- economy was based on trade
- people didn’t have specific jobs
Industrial revolution
- work became centralized in factories
- new energy sources led to mass production
- wage labour
Information revolution
- factories were offshored to foreign countries
- jobs became intelligence based
- education became the most important
Sectors of the economy
- primary sector
- secondary sector
- tertiary sector
Primary sector
raw materials harvested from the natural environment
Secondary sector
manufacturing products from the raw materials
Tertiary sector
services industry
Gig economy
independent contractors who provide temporary services on their own time
Global economy
expanding economic activity that crosses national borders
Consequences of the global economy
- division of labour (offshoring)
- national governments have less control over their economy
- corporations have increased control over nations
- few corporations control the market (monopolies)
- small local businesses have trouble keeping up with big corporations
Capitalism
resources and means of production are privately owned
- private ownership of property and land
- based on pursuit of personal profit and greed
- based on consumption and consumer choice
Socialism
resources and means of production are collectively owned
- collective ownership of property and land
- based on pursuit of collective goals
- government controls businesses and the economy
Communism
all members of society are socially equal
- based on abolishment of class divisions
- connecting everyone to the means of production
Welfare capitalism
government controls certain big industries like healthcare and social services
- Canada, USA, UK, Germany
State capitalism
government works in partnerships with corporations
- China, Russia, Brazil