SOC 100 Exam 3 Review

SOC 100 Exam 3 Review - SOC 100:002 STUDY GUIDE FOR EXAM #3...

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SOC 100:002 STUDY GUIDE FOR EXAM #3 TERMS/CONCEPTS TO KNOW: Economic systems (capitalism, socialism, mixed) Economic systems—social institution through which good an services are produced, distributed and consumed Capitalism—private ownership, personal profit, competition, government policy of laizzez faire o US not purely capitalist Taxes levied for common good Government intervention—food and drug safety, environment, workplace safety—has increased since the financial crisis of 2007 Socialism—means of production owned by the people for their collective benefit o True socialism must be democratic o Egalitarianism—equality of opportunity, decision making o Community—cooperation, collective belonging, high taxes, good common beliefs o Public ownership of means of production The people own the basic industries Goal: public service, NOT profit Mixed—elements of more than one economic system (both capitalism and socialism) Systems of stratification (E.g. slavery, caste) Slavery—most extreme form of legalized social inequality Caste—hereditary rank, usually religiously dictated, that tends to be fixed and immobile—India determines persons life, occupation, arranged marriage by ran; everyday life and norms; rests of powerful cultural beliefs Estate System—peasants required to work land leased to them by nobles in exchange for military protection and other services Class system—social ranking based primarily on economic position Cultural capital we see class even if we don’t usually identify it as such Status and prestige Occupational prestige—respect and admiration that an occupation holds in society (independent of the particular individual who occupies a job) Esteem—reputation that a specific person has earned within an occupation Socioeconomic Status (SES)—measure of social class based on income, education, occupation, and related variables Income—wages and salaries measured over some period, such as per hour or per year Net Worth—total of a persons material assets, including savings, land, stocks, and
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SOC 100 Exam 3 Review - SOC 100:002 STUDY GUIDE FOR EXAM #3...

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