Economic Systems and Social Change
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Questions and Answers

According to Marx, what determines the way people establish their programs of justice, religion, kinship, and education?

the manner in which people obtain their livelihood

What did John Kenneth Galbraith suggest about large corporations in the American economy?

They contribute a 'planning system' and can create and control the market.

According to Lensky, what has long been considered as a basis for stratification and in the creation of inequality?

Economic surpluses

What are the extra economic consequences of economic systems, as mentioned by Lobao and Rulli (1996)?

<p>They play a major role in social change</p> Signup and view all the answers

According to Marx, what determines the general character of the social, political, and spiritual processes in society?

<p>The mode of production</p> Signup and view all the answers

What does John Kenneth Galbraith suggest large corporations determine within broad limits in the American economy?

<p>What price customers shall pay for what they buy</p> Signup and view all the answers

What are some examples of social arrangements where competition is present?

<p>Business firms, government agencies, and religious organizations</p> Signup and view all the answers

What is the inherent part of capitalism mentioned in the text?

<p>Competition between business firms for markets and profits</p> Signup and view all the answers

In what ways do religious and other voluntary organizations compete?

<p>For membership and money</p> Signup and view all the answers

What do government agencies compete for, as mentioned in the text?

<p>A share of the tax dollar</p> Signup and view all the answers

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