SOCL 2001 : Exam 3 Notes
Document Summary
Economic systems-a way to produce and distribute goods to its members: barter system- based on exchanging goods for goods, not the best system. French and indian war: started taxing the colonies, which then lead to the american. What are you gut reactions on: tattoos on men, tattoos on women, due friday! Manifest (or primary) function- to transmit knowledge & skills to new generations. Formal educations- historically only for the rich: in ancient greece, if you wanted your kids educated, you hired a in- home tutor. Public goods are those that are paid for by tax dollars: common pool- those that can"t be bought. Joint consumption- when one persons goods or service does the reduce the goods of other people: paid publically. Individual consumption: unless you are a veteran, old person, child, you have to pay for your healthcare. Worthy good - one we think is so important that it should be provided by everyone regardless of their pay.
