SOC 2080 Chapter 6: Chapter 6 Summary

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The 7 sub complexes of the food economy. 1)agriculture and fishing-securing basic food stuffs destined for transformation/distribution everywhere. 2)food processing industries-produce intermediate goods [flours, sweeteners] and final consumption foods. 3)wholesale distribution and retail sector-under control of giant retail food chains. 4)institutional food industry-wide array of institutions [schools, universities, hospitals, government offices] Some agro firms are specific to supply this sector. 5)input and service industries-wide range of intermediate goods/inputs [fertilizers, seed companies, feed, veterinary supply companies] 6)state and quasi-state institutions, apparatuses and regulatory structures-vary from society to society. Outcomes of the struggles of competing class interests. A small amount of corporations own most of the sales in all product categories. Corporate concentration in canada is higher than other industrial powers [i. e. usa] Conglomerate firm, cross-subsidization, and the demise of competition. By means of conglomerate structures corporations can enhance their market power & outcompete others. Conglomerate[companies/groups of companies under unified control that produces goods and services in unrelated sectors of activity]

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