Author Question: When sociologists define poverty, they define absolute poverty as a state that exists when people ... (Read 61 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
When sociologists define poverty, they define absolute poverty as a state that exists when people may be able to afford basic necessities but are still unable to maintain an average standard of living.
 
  a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Define capitalism, and describe the four distinct features of ideal capitalism.
 
  What will be an ideal response?

Question 3

A gendered experience, _______is the process of deliberately cultivating an increase in the mass and strength of the skeletal muscles by means of lifting and pushing weights.
 
  a. bodychiseling
 b. bodybuilding
 c. bodystructuring
 d. bodysculpturing



aidanmbrowne

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

False

Answer to Question 2

Capitalism is an economic system characterized by private ownership of the means of

production, from which personal profits can be derived through market competition and

without government intervention. Ideal capitalism has four distinctive features: (1)

Private ownership of the means of productioncapitalis t economies are based on the

right of individuals to own income-producing property, such as land, water, mines, and

factories, and the right to buy people's labor. In early monopoly capitalism (1890

1940), most ownership shifted from individuals to huge corporationsorganiz ations that

have legal powers, such as the ability to enter into contracts and buy and sell property,

separate from their individual owners. In advanced monopoly capitalism (1940

present), ownership and control of major industrial and business sectors have become

increasingly concentrated and many corporations have become more global in scope.

(2) Pursuit of personal profita tenet of capitalism is the belief that people are free to

maximize their individual gain through personal profit. In early monopoly capitalism,

some stockholders derived massive profits from companies that held near monopolies

on specific goods and services (such as American Tobacco Company). In advanced

(late) monopoly capitalism, profits have become even more concentrated (such as Nike

or Dell). (3) In theory, competition acts as a balance to excessive profits. When

producers vie with one another for customers, they must be able to offer innovative

goods and services at competitive prices. In early monopoly capitalism, competition

was diminished by increasing concentration within a particular industry (such as

Standard Oil Company). An oligopoly exists when several companies overwhelmingly

control an entire industry (such as the music industry). A shared monopoly exists when

four or fewer companies supply 50 percent or more of a particular market (such the

Big Three U.S. automobile manufacturers). Corporations with control both within

and across industries are often formed by a series of mergers and acquisitions across

industries. These corporations are referred to as conglomeratescombin ations of

businesses in different commercial areas, all of which are owned by one holding

company (such as Time Warner). Competition is also reduced over the long run by

interlocking corporate directoratesmembers of the board of directors of one

corporation who also sit on the board(s) of other corporations. (4) Ideally, capitalism

works best without government intervention in the marketplace. Overall, most

corporations have gained much more than they have lost as a result of government

involvement in the economy.

Answer to Question 3

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library