SOCI1211_Ihas_Assignment2_26June2018 - Ihas 1 Tina Ihas...

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Ihas 1 Tina Ihas Professor Melody Hessing Sociology 1211, Assignment 2 June 26, 2018 Part A: Short Answer Questions Answer two of the following questions in short paragraph answers of 150–250 words each. Where appropriate, please use examples to illustrate your answers. (10 marks each) What are the key elements that define capitalism? Between the 14th and 16th centuries, capitalism began to replace feudalism as a means of trade and production in Western societies. One of the elements that define capitalism includes open competition in free markets, in other words, the means of the production (land, capital or technologies) of goods is privately owned and control and owners purchase labour for wages or salary in order to produce goods. Individual and private property rights changed with an emphasis on the free markets, for example, owners of the means of production were free to use and dispose of products at any value they chose. Property and wealth were gained through the trade of goods for capital which was reinvested to further increase capital in a cycle of continuous expansion of the competitive market and thus, the expansion of profits. Profit-driven capitalist cycles, lead to the potential for a constant expansion of the market, a boom and bust cycle or economic crisis, as well as to the potential for class conflict. Word Count 167 Works Cited Little, W. et. al. (2016). Introduction to Sociology (2nd Canadian Ed.) . Vancouver: BCCampus. ( Page 106) (n.d.). “Types of Societies - CliffsNotes.” Retrieved June 26, 2018, from (2015, April 2). “What are the basic elements of capitalism? - Quora.” Retrieved June 26, 2018, from What is a postmodern city? A postmodern city, such as Vancouver British Columbia, is one which can be defined in
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Ihas 2 three ways, by its dual cities, its edge cities, and its fantasy cities. Vancouver's fragmented urban cultures within the city itself, such as with dual cities, a term coined by John Hannigan (1998) used to describe cities divided by wealth, urban development, and marginalized zones, each offer amenities and culture unto themselves. For example, the cultures of such neighbourhoods as Kitsilano with its post-hippie generation vibe, the Downtown Eastside and its culture of poverty and substance abuse, or Yaletown with its upper middle-class hipsters and yoga-loving new Moms. Another distinguishing characteristic of a postmodern city is the emergence of multiple centres or cores. As Vancouver consumes its edge cities, each of them has seen a dramatic growth in its core, pushing what was once considered edge cities further and further toward the outreaches of the Fraser Valley and swallowing up the cities previously thought of as edge cities such as Burnaby or North and West Vancouver. Cities such as Langley and Abbotsford with their strip malls and urban sprawl have become the edge cities of the Greater Vancouver area.
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