iss 315 exam 2 review - Capitalist Society-Means of...

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Capitalist Society-Means of production are mostly privately owned and operated. Investments, distribution, income, production and pricing of goods and services are determined by the market economy. Welfare Society-The functional provider of benefits and services may be a central or state government, a state-sponsored company or agency, a private corporation, a charity or another form of non-profit organisation. However, this phenomenon has been more appropriately termed a "welfare societyState assumes primary responsibility for welfare of its citizens. Socialist Society-system in which property and the distribution of wealth are subject to control by the community. Dependency Theory-When poor nations are dependent on the rich nations for sale the sale of their products and the “finishing” production of it. Economic Nationalism-Term used to describe policies which are guided by the idea of protecting domestic consumption, labor and capital formation. Colonialism-a practice of domination, which involves the subjugation of one
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iss 315 exam 2 review - Capitalist Society-Means of...

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