SO 122 Lecture Notes - Lecture 6: Virtual Office, Agricultural Machinery, Consumer Sovereignty
12 Mar 2020
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Document Summary
The economy: social institution responsible for organizing the production, distribution, and consumption of goods and services. A productive system based on service work and high technology. From mechanical skills to literacy skills, speaking, writing, & computer knowledge. From factories to laptops, cell phones, virtual office. Making work more abstract: understanding rather than doing. Enhance employers control of workers: electronic minions. Primary: generation of raw materials from the environment. Secondary: transformation of raw materials into manufactured goods. Tertiary: economy generates services rather than goods. An economic system where natural resources and means of producing goods and services are privately owned. Economic system natural resources and the means of producing goods and services collectively owned. The objective is providing for the basic needs of people. Eg: healthcare, capitalism: hospital providing services to make money, Socialism: hospital providing services so people stay healthy. Personal freedoms need creative forces, emphasis on individual freedoms. Personal freedom, stress is placed upon freedom from basic needs.
