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random definitions for final
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socialist society
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- whatever you produce is used for your consumption
- provide home, healthcare, and food
- nobody owns anything (no inequality)
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Terms in this set (28)
socialist society
- whatever you produce is used for your consumption
- provide home, healthcare, and food
- nobody owns anything (no inequality)
capitalist society
- whatever you produce is yours
- some own a lot, some own a little
primary sector
society that relies on natural resources of the country
ex: mining, agriculture, fishing, forestry, natural skills
secondary sector
primary plus manufacturing
service sector
service jobs come into pay, where you service other people
ex: hospitality, medical, business