[SOCI 100] - Final Exam Guide - Everything you need to know! (43 pages long)
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SOCI 100 Full Course Notes
Verified Note
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Document Summary
Define feature of society is seen in power of those with capital (productive resource - property ownership) Divide between owners / capitalists and workers is fundamental. Workers are paid a wage or salary by owners. As they work they produce goods and services . Workers have no claim on the money raised from the sale of their own work. The value they create is exploited (or taken) by the owner. Workers create monetary value in the goods and services they produce, but this value is greater than the value of the wages/salaries they receive. This difference is surplus value - profit. A profit created by one class by usurped by another. Context matters (i. e. , owners are not bad people: remember it is the self-interest of the brewers, butchers, and bakers heilbroner 1st term) Separation of workers from what they produce. Exploitation not only via money, but also via alienated social relations. Material well being of many has increased.
