SOC 1200 Chapter Notes - Chapter 12: State Capitalism, Nuclear Proliferation, International Inequality
2 Nov 2017
School
Department
Course
Professor
Document Summary
Primary sector: draws natural materials from the environment: includes agriculture, ranching, fishing and mining, largest in low income nations, this is the agricultural sector: farming within families, not until animals were used that economies started to develop. Food sources began to develop and people took on specialized roles, towns developed, trading occurred: made economy a social institution, largest in low income nations. From tangible products to ideas industrial era defined by production of goods, in post-industrial people work with symbols/computers: 2. From mechanical skills to literacy skills- meaning from industrial revolution to post-industrial: 3 from factories to almost anywhere. 12. 2 assess the operation of capitalist and socialist economies. No nation anywhere is completely capitalist or socialist, it exists on a continuum. Capitalism: an economic system in which natural resources and the means of producing goods and services are privately owned: has thee distinctive features, 1. Pursuit of personal profit- capitalist society seeks to create profit and wealth: 3.
