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9 Cards in this Set
- Front
- Back
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Oligopoly
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few producers dominate an industry- division of wealth and power among very few competitors
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Super Rich
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Top 1% now has more wealth than the entire bottom 95%
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Computerization
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Computer introduced
Increased productivity in U.S by 13% between 1997-2001. Contributed to a reduction in the percentage of Americans working in manufacturing from 16% to 14% |
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Culture of Poverty
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Poor develop a culture of poverty as means of adapting to their situation
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Relative Deprivation Approach
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definition of poverty rest o what people believe are their minimum needs.
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Trickle Down Approach
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Reagan and conservatives view to cut taxes and government spending
Argued that efforts would keep inflation in check and create period of prosperity that trickled down to lowest level so that everyone would benefit Result: income gap between rich and poor widened and precentage of Americas living increased |
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Robin Hood Approach
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Advocates seek redistribution of wealth
Some recommend nationalizing large corporations and seizing large fortunes Proposals are unlikely to gain support in society built on free enterprise. |
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Interventionist Approach
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Endorses bold and direct federal action
Propose job training for unskilled workers, creating jobs for unemployed Eduction - argued for greater education effort; gov would pay poor to go to school for free |
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Standpoint Theory
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Life experience structure a persons understanding of life, so research must begin from concrete experience rather than abstract concepts (from standpoint on the poor)
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