Chapter Thirteen Summary This chapter discusses the economy and work from a global perspective. It discusses the differences of capitalism, socialism and mixed economies and the roles the people have in the workplace. An economy is a social foundation that makes sure society is functioning properly through production, distribution and consumption of goods and services. There are many types of economies, such as, pre industrial, industrial, and postindustrial.
Preindustrial economies are societies that are considered agrarian; hunting and gathering, pastoral and horticultural. This type of economy is one that works mainly in primary sector production, which is the part of the economy that uses natural resources. Industrial economies are societies
Preindustrial economies are societies that are considered agrarian; hunting and gathering, pastoral and horticultural. This type of economy is one that works mainly in primary sector production, which is the part of the economy that uses natural resources. Industrial economies are societies