SOCL 211 > CH 7 > Flashcards

CH 7 Flashcards

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1
Q

private ownership of the means of production and distribution of goods and services for profit in a competitive market

A

capitalism

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2
Q

Capitalism is the absence of what?

A

Absence of government intervention at the expense of increase inequalities

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3
Q

State ownership of the means of production and distribution of goods and services

A

socialism

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4
Q

Socialism reduces what?

A

Reduces inequalities at the expense of government control

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5
Q

Packs between countries that make it easier to trade goods by reducing or eliminating restrictions on exports and tariffs on imported goods and protecting intellectual property rights

A

Free Trade Agreements (FTA)

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6
Q

Name 4 facts things the FTA free trade agreements allows

A
  1. Expand trading opportunities
  2. Companies offshore
  3. Undermine laws to protect workers, consumers, and the environment
  4. US MCA replaced in a FTA
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7
Q

Multinational corporations have their homebased in one country in branches, or affiliates, in other countries

A

Transnational corporations

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8
Q

What do corporations have access to

A

The benefits of cheap labor, raw materials, avoidance of government regulations, take advantage of foreign take shelters but the savings are not passed down to consumers

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9
Q

What do the United States consequences of transnational corporations include?

A
  1. Trade deficits as more goods are produced and exported from outside
  2. Increase budget deficits since they shelter tax income
  3. Military spending increases to protect foreign interest for corporations
  4. Increased unemployment
  5. Other social problems including poverty, urban decline, and racial and ethnic tensions due to competition over Scarce employment
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10
Q

What are the consequences of transnational corporations within the United States

A
  1. Trade deficits
  2. Increase budget
  3. Military spending increases
  4. Increased unemployment
  5. Other social problems LIKE poverty
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11
Q

What do structural functionalist believe?

A

Economic institutions should provide necessities, surplus world in materials should be allocated for social uses such as the military, education, and recreation

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12
Q

What is conflict perspective

A
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13
Q

Refers to the ruling class using disruptive events to push for government policies for their benefit

A

Disaster capitalism

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14
Q

Involves ties between government and business

A

Coporatocracy

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15
Q

Define symbolic interactionist perspective

A

Believe work is central to our self-identity and status and that labels and interactions influenced the workplace and workers

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16
Q

Includes individuals who are currently unemployed, are available for employment, and have a look for work in the past four weeks

A

Unemployment rate

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17
Q

What are four causes of unemployment

A

Frictional unemployment, job exportation, outsourcing, automation

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18
Q

Expected time to look for jobs

A

Frictional unemployment

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19
Q

movement of jobs to other countries

A

Job exportation

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20
Q

Services to contractors to save on employment cost

A

Outsourcing

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21
Q

Replacement of human labor with technology

A

Automation

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22
Q

Effects of unemployment

A

Unemployed and those in fear of job loss cut back on spending, which hurts businesses that they must cut jobs to stay afloat

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23
Q

Internet is used to create new patterns for freelance in short term labor including ride sharing, selling crafts, and renting our property

A

Gig economy

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24
Q

Most common of modern-day slavery

A

Bonded labor

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25
Day-to-day struggle to meet the demands of work and other life responsibilities and goals
Work-life conflict
26
Alienation of workers results from
Repetitive in monotonous tasks
27
Further alienates workers as the characteristics of the fast food industry including efficiency and control through technology are applied to other work environments
McDonaldization of Society
28
Unions have a declining ___ or union membership rate
Union density
29
Do United States has weak ___ and __ legislation
Labor laws and anti-union legislation
30
What is considered full employment
An unemployment rate of 5% or lower
31
What is the most effective way to end slavery, child labor, sweatshop labor
Legislation
32
Failure to update laws to reflect economic changes
Policy drift
33
strategy used by business management that attributes health and safety problems in the workplace to workers' behavior, rather than to work processes and conditions
behavior-based safety programs
34
an economic system characterized by private ownership of the means of production and distribution of goods and services for profit in a competitive market
capitalism
35
a form of slavery in which slavery are considered property that can be bought and sold
chattel slavery
36
involves a child performing work that is hazardous, that interferes with a child's education, or that harms a child's health or physical, mental, social, or moral development
child labor
37
a political system that usually takes on the form of totalitarianism-a one-party system where the state controls all aspects of public and private life, permitting no individual freedom
communism
38
a system of government that serves the interest of corporations and that involves ties between government and business
corporatocracy
39
An economic pattern that occurs when elites use disruptive events—such as natural disasters or high unemployment—to push for policies that the public would be unlikely to accept in normal circumstances, such as lower wages, privatization, and deregulation.
disaster capitalism
40
the structure and means by which a society produces, distributes and consumes goods and services
economic institution
41
A federal law that requires public agencies and companies with 50 or more employees to provide eligible workers with up to 12 weeks of job-protected, unpaid leave so that they can care for an ill child, spouse, or parent; stay home to care for their newborn, newly adopted, or newly placed foster child; or take time off when they are seriously ill, and up to 26 weeks of unpaid leave to care for a seriously ill or injured family member who is in the armed forces, including the National Guard or Reserves.
Family and Medical Leave Act (FMLA)
42
Similar to slavery
Forced labor
43
Similar to slavery
Forced labor
44
A federal law that requires public agencies and companies with 50 or more employees to provide eligible workers with up to 12 weeks of job-protected, unpaid leave so that they can care for an ill child, spouse, or parent; stay home to care for their newborn, newly adopted, or newly placed foster child; or take time off when they are seriously ill, and up to 26 weeks of unpaid leave to care for a seriously ill or injured family member who is in the armed forces, including the National Guard or Reserves.
Free trade agreement (FTA)
45
exists when there are jobs available for all workers; usually when unemployment rates are below 5%
full employment
46
A labor force pattern characterized by people performing freelance or temporary work for other individuals, typically connected through an online platform
gig economy
47
an interconnected network of economic activity that transcends national borders
global economy
48
he period of global economic crisis that lasted from 2007 to 2009 that was characterized by high levels of unemployment, widespread home foreclosures, the collapse of the banking industry, and plummeting global trade
great recession
49
prolonged job stress that can cause or contribute to high blood pressure. ulcers, headaches, anxiety, depression, and other health problems
job burnout
50
worker advocacy organizations that developed to protect workers and represent them at negotiations between management and labor
labor unions
51
unemployment that lasts for 27 weeks or more
long-term unemployment
52
The process by which principles of the fast-food industry (efficiency, calculability, predictability, and control through technology) are being applied to more sectors of society, particularly the workplace
McDonaldization
53
The tendency for women with children, particularly young children, to be disadvantaged in hiring, wages, and the like, compared to women without children.
Motherhood penalty
54
The relocation of jobs to other countries where products can be produced more cheaply.
offshoring
55
A practice in which a business subcontracts with a third party to provide business services.
ourtsourcing
56
The failure to update labor laws to reflect changes in the broader society and economy.
policy drift
57
A significant decline in economic activity spread across the economy and lasting for at least six months.
Recession
58
Any work that is performed under the threat of punishment and is undertaken involuntarily; also known as forced labor.
slavery
59
An economic system characterized by state ownership of the means of production and distribution of goods and services.
socialism
60
Work environments that are characterized by less than minimum wage pay, excessively long hours of work (often without overtime pay), unsafe or inhumane working conditions, abusive treatment of workers by employers, and/or the lack of worker organizations aimed to negotiate better working conditions.
sweatshops
61
Also known as multinational corporations, corporations that have their home base in one country and branches, or affiliates, in other countries.
transnational coporations
62
To be currently without employment, actively seeking employment, and available for employment, according to U.S. measures of unemployment.
unemployment
63
The percentage of workers who belong to unions.
union density
64
Democratic business organizations controlled by their members, who actively participate in setting their policies and making decisions; also known as workers’ self-directed enterprises.
worker cooperatives
65
similar to worker cooperatives
workers' self-directed enterprises
66
The day-to-day struggle to simultaneously meet the demands of work and other life responsibilities and goals, including family, education, exercise, and recreation.
work/life conflict
SOCL 211
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