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Chapter 11- Politics & the Economy (Part 2)

Introduction to Sociology- Henslin Textbook
T. Esguerra
Across
A system of producing and distributing goods and services.
_________ of charisma is the transfer of authority from a charismatic figure to either a traditional or a rational-legal form of authority.
An economic system built around the private ownership of the means of production, the pursuit of profit, and market compensation.
_______ _______ is a type of economy in which human groups live off of the land have little or no surplus.
Thorstein Veblen's term for a change from the thrift, savings, and investments of the Protestant ethic to showing off wealth through spending and the display of possessions.
_____ ______ is the law of supply and demand.
Down
_________ ___________ is a hybrid economic system in which the individual ownership of businesses is mixed with the state ownership of industries thought essential to the public welfare, such as the postal service, natural resources, the medical delivery system & mass transportation.
________ __________ is the top members of the capitalist class, who, through their worldwide interconnections, make the major decisions that affect the world.
_______--_______ capitalism literally "hands off" capitalism, meaning that the government doesn't interfere in the market.
___________ theory is the view that as capitalist and socialist economic systems each adopt features of the other; a hybrid (or mixed) economic system will emerge.
An economic system built around the public ownership of the means of production, central planning, and the distribution of goods without a profit motive.