Sociology 1020 Lecture Notes - Lecture 3: Internet2, Economic Planning, Industrial Revolution
10 Apr 2020
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Document Summary
Sociology 1020 : week 3 - reading notes. 8. 1 - how do social factors impact markets. Alternatives to market capitalism and the pervasiveness of markets in modern societies. A society organized without private property and based on the principle that individuals should be able to consume societal resources based on their needs not their abilities. The government controls most all forms of economic activity. Central planning: the government decided what kinds of goods and services would be produced and how much they would cost. An economic system based on private property and market exchange. An economic system where the government owns property and controls production. Today we live in a capitalist society where people can buy all of the necessities of life for a price. Hochschild looks at dramatic examples of outsourcing. Nameologists to help parents find names for their child. We see the pervasiveness of markets in many ways. Renting an apartment or owning a house.
