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SOCI 1001 Week 6 notes

by: Mara Garran

SOCI 1001 Week 6 notes SOCI 1001

Marketplace > Marquette University > Sociology > SOCI 1001 > SOCI 1001 Week 6 notes
Mara Garran
Marquette University
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About this Document

Section 2
Introduction to Sociology
Dr. Jones
Class Notes
Social institutions




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This 2 page Class Notes was uploaded by Mara Garran on Tuesday October 4, 2016. The Class Notes belongs to SOCI 1001 at Marquette University taught by Dr. Jones in Fall 2016. Since its upload, it has received 5 views. For similar materials see Introduction to Sociology in Sociology at Marquette University.

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Date Created: 10/04/16
Social Institutions – economy, Family, Government  Stable sets of statuses, roles, groups and organizations  Provide the foundation for behavior  Are patterned ways of solving the problems and meeting needs of society Economic Institutions  Each society has an economic institution—what do you do when you have a limited number of resources? How are they divided?  Arise out of societies efforts to produce and distribute goods and services  Important issues: o What is the meaning and value of work? o How dos society deal with the situation in which only limited supplies of good are available yet demanded is unlimited o Is unequal distribution of goods and wealth in society beneficial or detrimental?  Things we worry about: o What kind of economic opportunities will be available to me by graduation? o Will this job support my family? o Will it last? Economic Ideas Socialism------------China--------------------------------------------------------------- US------------Capitalism There is no pure economy, all are mixed. Capitalism  Cherish private property, profit motive, free enterprise  Faith in the market, government should stay out of business o Market is self-correcting good-succeed, bad-fail o Laissez-Faire-- a policy or attitude of letting things take their own course, without interfering  Question: DO you think we need protection from business?  More goods and services choices available  Ex: US o Example of non-capitalistic characteristics in US – government owned companies like transportation, business bail out, protecting workers, minimum wage  GNP (economic health) slightly better in capitalism  Greatest amount of inequality manifests under capitalism  Purest form of capitalism economy drug dealing Socialism  Property is collectively owned; goods produced according to people’s needs  No accumulation of private wealth  Less inequality – meeting people’s functional needs rather than providing diversity and choice  Ex: China Democratic Socialism  Political and economic system in which free elections and a market economy co-exist with government efforts to minimize social inequality  Apparent absence of poverty  Free education, free healthcare  Prisoners are punished but they keep their rights  Ex: Finland The US Economy  Consumerism  The meaning of work o Many jobs are being replaced my technology/robots (cab drivers self-driving cars)  Tax rates and the concentration of wealth o We want money in the hands of consumers so they continue to buy  John Oliver: Myth of economic mobility o YouTube


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