SOC 1100 Lecture Notes - Information Revolution, Primary Sector Of The Economy, Industrial Revolution
21 May 2013
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Document Summary
The economy: the social institution that organizes the production, distribution, and consumption of goods and services , supported by ideology, left and right, global, economic health measured by job creation (alberta, ontario) recent losses. Unemployment rate (5%, ab 3% in 06: value of our currency, housing starts, real estate activity, retail sales (especially pre-christmas, productivity (goods and services produced per hour of work) The agricultural revolution (increased productivity)- changed everything: harnessing animals to the plow, production, distribution, and consumption were part of family life, Cottage economy (cottage ecnonomy= home. : currencies (money) replaced barter for exchange. This allowed for the industrial revolution: new forms of energy, centralization of work in factories, manufacturing and mass production, specialization, wage labour, globalization starts here (expanded trade exports) Postindustrial economy = a productive system based on service work and extensive use of information technology . The decentralization of work away from factories: a new cottage economy .
