SOCA02H3 Chapter Notes - Chapter 13: Labor Market Segmentation, Deskilling, Harry Braverman
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Bill gates argues that computers reduce our work hours, make goods and services cheaper by removing distribution costs of capitalism, and enjoy more leisure time. (pg. The economy is the institution that organizes the production, distribution, and exchange of goods and services. (pg. Analysts divide the economy into three sector: 2: the primary sector (agricultural) includes farming, fishing, logging, and mining. (pg. In the secondary sector (manufacturing), raw materials are turned into fishing goods; manufacturing takes place. (pg. 366: finally in the tertiary sector (service sectors), services are bought and sold. (pg. Productivity refers to the amount of goods and services produced for every hour worked. (pg. International exploration, trade, and commerce stimulated the growth of markets from the fifteenth century on. (pg. Markets are social relations that regulate the exchange of goods and services. In a market, the prices of goods and services are established by how plentiful they are (supply) and how much they are wanted (demand). (pg.
