Unit 7 Flashcards

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1
Q

the feeling of dissatisfaction and disconnection from the fruits of one’s labor

A

alienation

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2
Q

the resources we use to get things we want and need

A

capital

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2
Q

an understanding that members of a social class share economic interests

A

class consciousness

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2
Q

positions in the economy that are in some ways like the proletariat and in other ways like the bourgeoisie

A

bourgeoisie

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3
Q

an economic system based on private ownership of the resources used to create wealth and the right of individuals to personally profit

A

capitalism

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4
Q

people are born into unequal groups based on their parents’ status and remain in these groups for the rest of their lives

A

caste system

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4
Q

an extreme form of inequality in which some individuals are owned by others as their property

A

enslavement system

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5
Q

a grouping based on similar social factors like wealth, income, education, and occupation

A

class system

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5
Q

prejudice against and discrimination toward people with dark skin compared to those with light skin, regardless of race

A

colorism

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5
Q

crisis of capitalism

A

crisis of capitalism

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6
Q

positions in the economy that are in some ways like the proletariat and in other ways like the bourgeoisie

A

contradictory class locations

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7
Q

financial resources that are or can be converted into money

A

economic capital

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8
Q

an invisible barrier that restricts downward mobility

A

glass floor

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8
Q

the minority of people who control a disproportionate amount of wealth

A

economic elite

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9
Q

people who live in extreme poverty lack even the basic necessities, which typically include adequate food, clean water, safe housing, and access to healthcare

A

extreme poverty

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9
Q

an invisible barrier that restricts upward mobility

A

glass ceiling

10
Q

a system in which people were given land and protection by people of higher rank, and worked and fought for them in return

A

feudal system

10
Q

years of unprecedented technological innovation, mass immigration, and intense political partisanship

A

the Gilded Age

10
Q

a capitalist system with little or no government regulation

A

free market capitalism

10
Q

associations that organize workers so they can negotiate with their employers as a group instead of as individuals

A

labor unions

10
Q

a process by which a potentially controversial social fact is made acceptable

A

legitimation

10
Q

the work people can do with their bodies and minds

A

labor

10
Q

The middle number; found by ordering all data points and picking out the one in the middle

A

median

10
Q

resources that can be used to create wealth

A

means of production

10
Q

an income that allows full-time workers to afford their basic needs

A

living wage

10
Q

The “average” number; found by adding all data points and dividing by the number of data points

A

mean

10
Q

the most common number that appears in your set of data.

A

mode

11
Q

a new class of workers who live economically precarious lives

A

precariat

11
Q

the idea that one’s character can and should be measured by one’s dedication to paid work

A

Protestant work ethic

11
Q

an economy centered on jobs in which workers provide services or work with information

A

service and information economy

11
Q

opportunity to move up or down in the economic hierarchy

A

social mobility

12
Q

a patchwork of programs intended to ensure that the most economically vulnerable do not go without basic necessities like food, clothing, and shelter

A

social safety net

12
Q

an economic system based on shared ownership of the resources used to create wealth that is then distributed by governments for the enrichment of all

A

socialism

12
Q

cash payments given to workers in exchange for their labor

A

wage

13
Q

differences between the hourly earnings of different social identity groups

A

wage gaps

14
Q

the stock of assets held by a person or household at a single point in time

A

wealth

15
Q

a capitalist economic system with some socialist policy aimed at distributing the profits of capitalism more evenly across the population

A

welfare capitalism