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THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 1 CHAPTER 13 The Economy and Politics Section 1: The Economic Institution Section.

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Presentation on theme: "THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 1 CHAPTER 13 The Economy and Politics Section 1: The Economic Institution Section."— Presentation transcript:

1 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 1 CHAPTER 13 The Economy and Politics Section 1: The Economic Institution Section 2: The Political Institution

2 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 2 Objectives:  Compare and contrast the characteristics of the capitalist and the social economic systems.  Discuss developments that have transformed the American economic system. Section 1: The Economic Institution

3 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 3 Economic Models of Capitalism and Socialism CAPITALISM:  Factors of production are owned by individuals  Forces of profit and competition regulate economic activity  Minimal government interference Section 1: The Economic Institution

4 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 4 Economic Models of Capitalism and Socialism SOCIALISM:  Factors of production are owned by the government  Economic activity regulated by the government  Pure form is communism Section 1: The Economic Institution (continued)

5 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 5 Economic Models of Capitalism and Socialism BOTH:  Exist in industrial and postindustrial societies  “Pure” forms are ideal types Section 1: The Economic Institution (continued)

6 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 6 The American Economy  Rise of Corporate Capitalism – has changed the relationship between business ownership and control  Economic Globalization – many of the large corporations are also multinational  The Changing Nature of Work – shift from an industrial base to a service base due, in part, to technology  E-Commerce – business conducted over the internet, which is based on information Section 1: The Economic Institution

7 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 7 Objectives:  Explain how the exercise of power varies by type of government  Describe the major characteristics of the U.S. political system. Section 2: The Political Institution

8 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 8 The Exercise Of Power  Traditional authority – power that is based on long-standing custom  Rational-Legal – based on formal rules and regulations  Charismatic – based on a leader’s charisma Section 2: The Political Institution

9 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 9 The U.S. Political System  Dominated by two major political parties – Democrats and Republicans  Includes interest groups and PACs, which help groups with minority views influence government decisions  Has proportional representation, but debate exists over who holds power Section 2: The Political Institution

10 THE STUDY OF HUMAN RELATIONSHIPS SOCIOLOGY HOLT, RINEHART AND WINSTON 10 The U.S. Political System  Consists of three branches of the government – the executive, legislative, and judicial  Includes public participation, although voter participation varies and is relatively low overall Section 2: The Political Institution (continued)


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