Chapter 16- economy

Chapter 16- economy - Chapter 16: The Economy & Work...

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Chapter 16: The Economy & Work -sociologists debate on how the economy should work, whose interests it should serve, and what companies and workers owe to each other HISTORY OF THE ECONOMY economy: social institution that organizes the production, distribution and consumption of goods and services Agricultural revolution -produced only what was immediately needed (lived off the land) -towns emerged and were linked through networks of traders -4 factors: agricultural technology, productive specialization, permanent settlements, trade keys to expansion of economy -in expansion process family and work life separated Industrial Revolution -mid 18 th century -5 notable changes: 1) new energy forms (steam engine) 2) centralization of work in factories (factories) 3) manufacturing and mass production 4) specialization 5) wage labor Information Revolution & post-industrial society -middle 20 th century -post-industrial economy: a productive system based on service work and extensive use of info. technology -automated machinery reduces human involvement in factories -the service sector expanded and manufacturing declined -invent of computer -3 trends from Info. Revolution: 1) from tangible products to ideas
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This note was uploaded on 12/20/2009 for the course SOCIOLOGY 1020 taught by Professor None during the Spring '05 term at UWO.

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Chapter 16- economy - Chapter 16: The Economy & Work...

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