1. Chapter 2- American Society and Its Values

2. Social Institutions
Socialization- the process of learning how to participate in a group
Social institutions- systems of values and rules that determine how our society is organized

3. 5 Social Institutions
Economy- meets wants and needs by providing a system for producing and distributing goods and services
Family- most basic institution, meets physical needs by providing needed materials
Education- helps individuals fit into our society
Religion- fosters community, belonging, brings values, and meets important emotional needs
Government- meets a society’s need for law and order, security, and public services

4. Characteristics of our Economy
Consumer- a person who uses, or consumes, goods and services to satisfy his or her wants
Market- place where people exchange good or services
Price- the amount you must pay for a good or service in a market
Money- is anything which is generally accepted as payment for a good or a service

5. American Economic Freedoms
Freedom to buy and sell
Freedom to compete
Freedom to own property
Freedom to choose an occupation
Freedom to make a profit

6. The Role of Government Keeping the Peace Protecting the Country
Providing Necessary Services
Maintaining Other Institutions

7. Forms of Government
Monarchy- a form of government in which all or most of the power is in the hands of one individual, the monarch
Dictatorship- a government controlled by one person, called a dictator
Democracy- a government in where the power is shared by all the people

8. Political Socialization
Patriotism- is the demonstration of love and devotion to one’s county
Political socialization- the process of learning how to behave politically