THE ECONOMY AND

WORK
SOCIAL CONTEXT

ECONOMY: HISTORY OVERVIEW

Economy:
Social institution that organizes a scietys production, distribution and consumption of goods and services.

Goods: Are commodities ranging from necessities to luxury tems.

THE INDUSTRIAL REVOLUTION

New sources of energy

Centralization of work in factories

Manufacturing and Mass production
Specialization

SECTOR OF THE ECONOMY

The Primary Sector: Part of economy that draws raw materials from environment.
The secondary sector: Part of economy that transforms raw materials into manufactured goods.
The tertiary sector: Part of the economy that involves services rather tan godos.

ECONOMIC SYSTEMS: PATHS TO JUSTICE.

Capitalism: Is an economic system in which natural resources and the means of producing goods and
services are privately owned.
Private ownership of property.
Pursuit of personal profit

Competition and consumer choice

ECONOMIC SYSTEMS: PATHS TO JUSTICE.

Socialism: Is an economic system in which natural resources and the means of producing godos and
services are colectivelly owned.
Collective ownership of property
Pursuit of collective goals

Government control of the economy

PROFESSIONS

A profession is a prestigious white-collar ocupation that requires extensive formal education.

Theoretical knowledge
Self-regulating practice
Authority over clients
Community orientation over self-interest

WORKPLACE DIVERSITY: RACE AND

GENDER
Women

Men
African Americans
Asian Americans
Hispanic Americans

INFORMATION TECHNOLOGY AND WORK

Computers are deskilling labor

Computers are making work more abstract
Computers limit workplace interactions

Computers increase employers control of workers

Computers allow companies to relocate work