Social Problems Final Exam Review
Chapter 12 –
The economic system in which private individuals or
corporate groups own the means of production and
Capitalists invest capital to produce goods and services,
which they sell for profit in a competitive free market.
An economic and political ideology (flourished in 19
centuries) that favors the public ownership of the means
of production and distribution, and the investment of public
capital in producing goods and services.
A large, complex organization employing highly specialized
workers who work within the context of a
structure (called by Max Weber)
Having larger, more varied, and more powerful
interpersonal networks mean to have greater social capital.
An experience that involves feelings of powerlessness,
meaninglessness, normlessness, estrangement, and social
isolation in the workplace.
Unemployment resulting from discrimination against
particular groups (ex. Ethnic minorities, women)
Unemployment caused by social and economic factors that
affect workers equally across all groups (ex. Corporate
downsizing, capital flight, automation of work processes)
People who are not actively seeking employment.
Specifically, they are thought to have turned their backs on
the traditional work system and to have abandoned any
desire to be gainfully employed.
When work rewards the worker with money, prestige,
respect, and social recognition.
When work rewards the worker with the feeling of a ‘job
What constitutes ‘work’ and what are the boundaries of this definition?