SOSC 1510 Chapter Notes -Labour Force Survey, Wage Labour, Labour Candidates And Parties In Canada
20 Oct 2012
School
Department
Course
Professor
Document Summary
Chapter one: capitalism, industrialization, and post industrial society. Industrialization: technical aspects of the accumulation and processing of a society"s resources. Capitalism: describes key aspects of the economic and social organization of the productive enterprise. Industrial society: inanimate sources of energy (coal, energy) create a production system which mainly uses technology to process raw materials. Capitalist system of production: small number own and control crafting goods & services; majority have no direct ownership stake in economy. & paid a wage to work for those who do. Beginning of capitalism in europe consisted of 2 periods (mercantile or commercial capitalism [1500s] and industrial capitalism [evolved later: mercantile: merchants & royalty gained huge fortune by trading goods internationally. Beginning signs of the capitalist commercial activity came from feudal society (industrial revolution not yet begun) Europe was pre-market economy (producer was also consumer) and pre- capitalist economy (wage labour was rare & business class not dominant yet)
