SOSC 1510 Lecture Notes - Lecture 2: Precarious Work, Industrial Revolution, Mercantilism
Document Summary
Precarious work: having a job that involves instability, lack of labour protection, insecurity and social and/or economic exposure includes: Capitalism: an economic system in which trade, industry and the means of production are controlled by private owners with goals making profits in a market economy. Short: competition among sellers to make money off buyers with little/no government interference. Capitalism focuses on the economic and social organization of. Industrialism: focuses on the technical aspects of gathering and processing resources. Inequality is the key benchmark: a measure of the disparity between rich and poor a measure of fairness. Hbc (hudson"s bay company): trades beavers (for hats for english gentlemen) Staples product (raw material): ex. cod, lumber, wheat, oil. Economic democracy: to provide economic empowerment to all citizens and all local communities, and to prevent the concentration of economic power that subverts mass political and economic empowerment.
