Sociology › Section R · Work and the economy › Topic R.1
Economic systems
How people make a living shapes almost everything else: where they live, how families are organised, who holds power. Sociologists trace how economies changed from farming to factories to information, and how capitalism and socialism organise ownership in different ways.
In this topic
- The economy as a social institution
- Farming, surplus and money
- Mercantilism and the Industrial Revolution
- Postindustrial society and four sectors
- Worked example: sorting jobs into sectors
- Capitalism
- Socialism and its varieties
- Mixed economies and convergence theory
- Worked example: two health systems
- Three perspectives on the economy
- Common mistakes to avoid
- Key takeaways
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