OSU Sociology 101 Chapter 14

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edmiston1  on March 1, 2012

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Sociology

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OSU Sociology 101 Chapter 14

Economic system
the social institution through which goods and services are produced, distributed and consumed
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Terms

Definitions

Economic system the social institution through which goods and services are produced, distributed and consumed
political system the social institution that is founded on a recognized set of procedures for implementing and achieving society's goals
capitalism an economic system in which the means of production are held largely in private hands and the main incentive for economic activity is the accumulation of profits
industrial society a society that depends on mechanization to produce its good and services
laissez-faire a form of capitalism under which people compete freely, with minimal government intervention in the economy
monopoly control of a market by a single business firm
communism as an ideal type, an economic system under which all property is communally owned and no social distinctions are made on the basis of people's ability to produce
socialism an economic system under which the means of production and distribution are collectively owned
informal economy transfers of money, goods, or services that are not reported to the government
force the actual or threatened use of coercion to impose one's will on others
politics in Harold Lasswell's words, "who gets what, when and how"
power the ability to exercise one's will over others
authority institutionalized power that is recognized by the people over whom it is exercised
influence the exercise of power through a process of persuasion
traditional authority legitimate power conferred by custom and accepted practice
charismatic authority power made legitimate by a leader's exceptional personal or emotional appeal to his or her followers
dictatorship a government in which one person has nearly total power to make and enforce laws
monarchy a form of government headed by a single member of a royal family, usually a king, queen or some other hereditary ruler
oligarchy a form of government in which a few individuals rule
rational-legal authority power made legitimate by law
democracy in a literal sense, government by the people
representative democracy a form of government in which certain individuals are selected to speak for the people
totalitarianism virtually complete government control and surveillance over all aspects of a society's social and political life
elite model a view of society as being ruled by a small group of individuals who share a common set of political and economic interests
power elite a small group of military, industrial, and government leaders who control the fate of the U.S.
pluralist model a view of society in which many competing groups within the community have access to government, so that no single group is dominant
peace the absence of war, or more broadly, a proactive effort to develop cooperative relations among nations
war conflict between organizations that possess trained combat forces equipped with deadly weapons
terrorism the use or threat of violence against random or symbolic targets in pursuit of political aims
microfinancing lending small sums of money to the poor so they can work their way out of poverty
deindustrialization the systematic, widespread withdrawal of investment in basic aspects of productivity, such as factories and plants
color-blind racism the use of the principle race neutrality to defend a racially unequal status quo
affirmative action positive efforts to recruit minority group members or women for jobs, promotions and educational opportunities
downsizing reductions taken in a company's workforce as part of deindustrialization

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onedge_rt , edmiston1