Sociology 2140 Chapter Notes - Chapter 13: Structural Functionalism, Racialization, Wield
26 Apr 2017
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Chapter 13 problems in the globalized economy and politics. Politics the social intuition in which power is acquired and exercised by certain individuals and groups. Is made by a nation by nation basis: sometimes what one nation does effects another. Economy the social institution that ensures that a society will be maintained through its production, distribution, and consumption of goods and services: consumption / goods and services. Political economy a combined social institution where the players, riles and games often overlap: the interdependency of economics and political systems. Th(cid:396)ee majo(cid:396) legiti(cid:373)ate e(cid:272)o(cid:374)o(cid:373)i(cid:272) syste(cid:373)s : capitalism, socialism, mixed economies. Mixed economy combines elements of both capitalism (a market economy) and socialism (a command economy) companies. State capitalism the government is involved in the dealings of privately owned: have a strong role in setting the rules, policies, and objectives for business, a type of mixed economy, prominent in asian countries.
