SOCI 1010 Lecture Notes - Lecture 2: Social Stratification, Symbolic Interactionism, Political Spectrum

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Chapter 2: social stratification: capitalism and stratification. Capitalism economic system based upon social class standing. Three components: private ownership of property, pursuit of personal profit (surplus value, free competition and consumer sovereignty-laissez-faire (to let go) Capitalism is characterized by four main processes: systematic production, systematic consumption, Systematic exchange-capital or money: personal income and wealth accumulation. Stratification means of dividing people based upon economic and cultural characteristics: 19th century. Problems: pollution, overcrowding, disease, exploitation of workers. See: growth of towns and cities: tools of sociologists: The relationship between theory and concepts in sociology is as follows: Concepts are the building blocks of sociology. From concepts sociologists develop propositions about how the social world works. Formalized propositions are hypotheses i. e. social stratification, social inequality. Hypotheses that stand the test of time are raised to the level of theory i. e. marx"s theory of dialectical materialism. Paradigms each provide unique insight into . Extreme left wing =true communism: capitalism.

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