Sociology 1020 Chapter Notes - Chapter 8: Isomorphism, Gary Becker, Harry Braverman
7 Apr 2018
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Document Summary
Markets: places where buyers, sellers, and producers engage in exchange of commodities and services. Defining markets: rational-choice perspective: where both buyer and seller assume they have knowledge about the good or service being traded. Cultures: governments set many of the rules of the game, and these guidelines are essential for creating and sustaining markets. Organizational structure: structural inertia: strong resistance to change and it can be terminal if the environment dramatically changes and the absence of adaptation leads to organizational mortality, niche: distinct segment of a market or social process. Industrial revolution: the rise of large-scale production of goods and products for mass markets: occupation: those jobs that require special training and that individuals may perform over an entire career. The studies aimed to identify what factors might induce workers to produce more output in the same amount of time.
