Unit 7 Flashcards

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

10
Q

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

10
Q

resources that can be used to create wealth

A

means of production

10
an income that allows full-time workers to afford their basic needs
living wage
10
The "average" number; found by adding all data points and dividing by the number of data points
mean
10
the most common number that appears in your set of data.
mode
11
a new class of workers who live economically precarious lives
precariat
11
the idea that one’s character can and should be measured by one’s dedication to paid work
Protestant work ethic
11
an economy centered on jobs in which workers provide services or work with information
service and information economy
11
opportunity to move up or down in the economic hierarchy
social mobility
12
a patchwork of programs intended to ensure that the most economically vulnerable do not go without basic necessities like food, clothing, and shelter
social safety net
12
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
socialism
12
cash payments given to workers in exchange for their labor
wage
13
differences between the hourly earnings of different social identity groups
wage gaps
14
the stock of assets held by a person or household at a single point in time
wealth
15
a capitalist economic system with some socialist policy aimed at distributing the profits of capitalism more evenly across the population
welfare capitalism