CHAPTER 13:
PROBLEMS IN POLITICS AND THE GLOBAL ECONOMY
By the end of this chapter students will be able to:
- Define the social institutions of politics and the economy and explain why they are vital to society.
- List and discuss the features of the three major economic systems.
- Explain why neither capitalism nor socialism exists in its pure form.
- Discuss the various forms mixed economies take in combining private ownership and government control of goods and services.
- Discuss the various types of economic production and match them correctly to the type of economy in which they are most associated.
- Explain why monopolies and oligopolies contribute to global social problems.
- Discuss the purpose of corporate welfare and its impact on the national debt.
- Define politics and government and why they are related to a society’s economy.
- Compare and contrast a direct participative democracy with a representative democracy.
- Discuss the problem of voter apathy in United States elections.
- Discuss how wealthy individuals and special interest groups financially influence elected representatives in American politics.
- Analyze the political and economic systems from the functionalist and conflict perspectives.
