property and goods are primarily owned privately; prices, production and the distribution of goods are determined primarily by competition in a free market
economic system characterized by the presence of lords, vassals, and fiefs
the introduction of new farming technologies that increased food output in farm production
a legal entity unto itself that has a legal person-hood distinct
when people are dominated by forces of their own creation that then confront them as alien powers (marx: basic state of being in a capitalist society)
the needs of the population are met through non-market methods of distribution
political ideology of a classless society in which the means of production are shared through state ownership and in which rewards are not tied to productivity but to need
wage paid to male workers sufficient enough to support a dependent wife and children
the economic activity that involves providing intangible services (waitressing, tech support, real estate)
the unequal, global distribution of income, so named for its shape
the form of business that occurs when there is only one seller of a good or service--leading to zero competition
the condition when only a handful of firms exist in a particular market.
a business decision to move all or part of a company's operations overseas to minimize costs.
the organization that forms when workers formally unite with the common aim of collective bargaining
a company's assault on its workers' union with the hope of dissolving it