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10 terms

Chapter 13

STUDY
PLAY
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