SOCA01H3 Chapter Notes - Chapter 13: Co-Determination, Sweatshop, Force Works
Document Summary
Economic sectors and revolutions: economy- the institution that organizes the production, distribution and exchange of goods and services, three sectors, 1. Primary (agricultural): farming, fishing, logging, mining: 2. Secondary (manufacturing): raw materials are turned into finished goods: 3. Tertiary (service): services are bought and sold: three revolutions, 1. Agricultural: 10,000 years ago most were nomadic; herding cattle, growing plants, settlements. 5000 years ago, invention of the plow productivity the amount of goods or services produced for every hour worked: 2. Industrial: 15th century exploration, trade, commerce growth of markets social relations that regulate the exchange of goods and services. In a market, the prices of goods and services are established by how plentiful they are (supply) and how much they are wanted (demand). 1700 was the industrial revolution in england to the rest of the world manufacturing most dominant: 3. Postindustrial: productivity service jobs computerization in 20th century.
