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16 Cards in this Set
- Front
- Back
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Division of labor
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How labor is divided within a workforce
how task are divided to produce goods |
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Economy
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The social system that includes
the social institution that has to do with goods and services |
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Capitalist economic system
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an economy in a free market based on citizen run businesses
People invest capital, workers get paid, owners make money from keeping price low; only works in free market based economies because it needs to compete |
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Socialist economic system
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the government owns everything and everyone works for them
everyone is on a equal level and your money is flow into the government; there is no competition |
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Mixed economy
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the government owns the business, but wages are different
state owns portions but not everyone is equal |
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Industrial economy
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machine/ industrial things have a big factor of the economic function
an economy based on manual labor and workers (assembly lines) |
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Service economy
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based on people who have various duties
an economy that is committed to helping others |
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Professionals
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experts who have ownership over clients
characterized by knowledge, supervision skills, authority over clients, confidence in there own knowledge. They keep order within work |
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craft workers
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people who take pride in workmanship and takes years to learn their art.
is 10% of the labor force, have Manuel skills that were gained by long hours of training and have a pride for working |
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Taylorism
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there is a best way to complete every task but you can only find it from trial and error. Played a big role in fords assembly line
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Formal Organization
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there are rules and regulations in a work place to keep it stable
there should be an official structure containing rules and sanctions governing the operations |
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De-skill
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a machine replaces a humans duty, causing them to become obsolete.
when workers skills are taken over by a machine and the worker no longer needs to know how to do a specific skill |
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out sourcing
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companies have work done out side of company walls to make things cheaper (Mexicans doing work in the United States for low wage or have products made over seas
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Free agent
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someone who doesn't belong to a specific business and just works from project to project.
they are hired by other people to do work but are not bond to one company |
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deindustrialize
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disinvestment of a in a manufacturing infrastructure
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Gender gap
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there being a different in the labor force between men and women
the difference between men and woman labor |
