soc final ch11

Question 1

what is a conglomerate

Answer 1

a corporation that has companies in many different industries
- cars, furniture

Question 2

what is olgiopoly

Answer 2

• domination of market by a few large producers

Question 3

what is socialism?

Answer 3

an economic system based on public ownership of production of goods and services

Question 4

what is communism?

Answer 4

• all people are considered equal.

Question 5

which economic system refers to people free market economy, whereas public owns all production

Answer 5

free market economy= socialism
public owns all production= communism

Question 6

what is welfare capitalism

Answer 6

• combo of private ownership, market competition and gov regulations

Question 7

what is conglomerate

Answer 7

• a corporation that owns many companies in different industries

Question 8

what is interlocking directorate

Answer 8

• same ppl serve on board of directors members of several different companies or corporations

Question 9

transnational corporation aka multinational corporation or international corporation means

Answer 9

a company based in one country but operates internationally

Question 10

what does transnational conglomerate aka multinational conglomerate mean?

Answer 10

• a corporation that owns a collection of different companies in different industries in a number of countries

Question 11

what is globalization

Answer 11

• growth and spread of investment, trade and communication around the world

Question 12

what is offshoring
?

Answer 12

• sending work to be done at another country for cheaper pay

Question 13

what is deindustrialization?

Answer 13

• replacing low-skilled workers with automation to cut down on costw

Question 14

what does government mean?

Answer 14

• a formal organization that has the authority to make and enforce laws

Question 15

what does democracy mean?

Answer 15

• citizens have control over state and its actions

Question 16

what does totalitarism mean?
- what are some examples?

Answer 16

• gov owns almost every aspect of people lives
• north korea, saudi arabia, iran, uzbek

Question 17

what does authoritariasm mean?

Answer 17

• state controls the lives of citizens, but gives some freedom

Question 18

what are the 3 characteristics of authority

Answer 18

• consent, legit, institutionalized

Question 19

Describe the traditional type of authority

Answer 19

• power is based on culture, religious beliefs, and customs

Question 20

what is politcal party

Answer 20

• an organization that tries to control/influence the governemnt

Question 21

functionalist view of pluralism on politcs and power
- do individuals have little or a lot of direct power over political decisoons

Answer 21

• power is distrubted amongst variety of competing groups in a
  society
• a little

Question 22

what is a politcal action commitee?

Answer 22

• a special interest group that raises money to elect candidates