Chapter 13

Created by KarEstrada 

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10 terms

Coercion

control through force

Conglomerates

networks of unrelated businesses operating under one corporate umbrella

Economic Institution

institution that determines how goods and services are produced and distributed

Elitism

system in which a community or society is controlled from the top by a few individuals or organizations

Interlocking Directorates

directorates that result when heads of corporations sit on one another's boards

Monopolies

companies that have control over the production or distribution of a product or service

Oligopolies

combinations of companies that control the production or distribution of a product or service

Political Institution

institution that determines how power is obtained and exercised

Political Socialization

informal and formal processes by which a person develops political opinions

Pluralism

system in which political decisions are made as a result of bargaining and compromise among special interest groups

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