Nickel and Dimed - SellinginMinnesota Evaluation Capitalism Capitalism: prices,production, primarily

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The Tenets of Capitalism Selling in Minnesota Evaluation 
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Capitalism : an economic system typified by these qualities:  resources are privately owned investments are determined by private decisions prices, production, and the distribution of goods are determined  primarily by competition in the marketplace  The Invisible Hand of the Market : a social mechanism that  regulates the economy profit motive encourages individuals to create the best  product It is the backbone of laissez-fair (“hands off”)  economic  policies Capitalism
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Wal-Mart’s “everyday low prices” are subsidized in  ways that other companies are not food stamps, Medicaid for their workers Millions of dollars in local subsidies to build Global relationships = cheap labor to produce items Paying and Promotion  2008: Wal-Mart settled out of court.  They agree to pay  $352 million to employees covered in 63 lawsuits in 42  states for not paying worker overtime. 2011: The Supreme Court rejected a class action suit,  citing that there had to be a formal discrimination policy  Wal-Mart: How?
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Policies in the 1980’s  contributed to Wal-Mart  success De-industrialization De-regulation American Anti-Unionism  The U.S. labor movement declined in the 1950’s with the 
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This note was uploaded on 03/30/2012 for the course SOCIOLOGY 1160 taught by Professor Mauraryan during the Spring '10 term at Georgia State University, Atlanta.

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Nickel and Dimed - SellinginMinnesota Evaluation Capitalism Capitalism: prices,production, primarily

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