Sociological Perspectives
This concept explains how children tend to enter the same or similar occupations as their parents due to socialization of that occupation's norms and values.
What is career inheritance?
A subtype of Socialism that adopts some aspects of Capitalism.
What is Market Socialism?
Technological advancements during this event led to manual labor being replaced by machine labor
What is the Industrial Revolution?
This describes the process in which products are assembled throughout multiple international transactions (Apple products are made this way).
What are global assembly lines?
This term describes how workers are increasingly being replaced by technology.
This paradigm views the economy as a well-oiled machine whose health contributes to the overall health of society.
What is Functionalism?
Economic system in which there is private ownership and a motive for profit.
What is Capitalism?
This economic downturn, the worst since the Great Depression was caused by aggressive lending practices and risky investing behavior.
What is the 2008 Recession?
The illogical hatred of foreigners or foreign goods.
What is Xenophobia?
A myth based on the idea of opportunities and ambition leading to economic success in a particular North American country.
What is the American Dream?
An idea that suggests that come stratification is a social necessity.
What is the Davis-Moore thesis?
This thinker, a conflict theorist, analyzed class struggle in his work The Communist Manifesto.
Who is Karl Marx?
People domesticated plants and animals during this revolution, leading to the development of the first true economies.
What is the Agricultural revolution?
The process of integrating governments, cultures, and markets through international trade into a global market is known as this.
What is Globalization?
This group of people has been increasingly entering the U.S. workforce in the past few decades, but are not paid equally for their work.
What are women?
This perspective argues that the economy perpetuates equality.
What is Conflict Theory?
Economic system in which the government/society collectively owns the means of production and the goods produced.
What is Socialism?
During this recent event, unemployment levels reached a historic high.
What is the COVID-19 Pandemic?
A theory that suggests that societies become more similar as their economies develop.
What is Convergence Theory?
It's not unemployment, but this phenomenon occurs when an individual accepts a lower-paying job with a lower status than what they are qualified for.
What is underemployment?
A sociologist in this paradigm might investigate the economy in terms of career inheritance and job satisfaction.
What is Symbolic Interactionism?
What is Mutualism?
This is the most valuable good in Postindustrial societies.
What is Information?
This was an agreement between the U.S., Canada, and Mexico that encouraged trade among the nations without restrictive laws and tariffs.
What is the North American Free Trade Agreement (NAFTA)?
The organization that monitors, analyzes, and reports economic and employment trends in the U.S.
What is the Bureau of Labor Statistics (BLS)?