PECSO

    Master this deck with 15 terms through effective study methods.

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    What defines capitalism?

    It relies on private ownership of production means.

    What is a positive effect of capitalism?

    It drives economic growth and innovation.

    What is a negative effect of capitalism?

    It leads to increased inequalities among workers.

    How does private property function in capitalism?

    Only capitalists own production means, not workers.

    What is the goal of capitalists?

    To generate profit from their investments.

    What happens during capital accumulation?

    More capital is reinvested, leading to economic growth.

    What is exploitation in a capitalist context?

    Workers produce profit beyond their wages.

    How do workers and capitalists' interests conflict?

    Workers seek higher wages while capitalists aim for profit.

    What role do women play in capitalism?

    They often perform unpaid reproductive labor.

    What distinguishes core countries in Wallerstein's theory?

    They dominate economically and politically over peripheral countries.

    What characterizes peripheral countries?

    They provide cheap labor and raw materials to core countries.

    How can we assess a country's capitalism level?

    By examining the prevalence of private property and profit maximization.

    What is a key feature of public enterprises?

    They do not prioritize profit like private companies.

    What triggers economic crises in capitalism?

    Overaccumulation of capital without investment opportunities.

    What is the impact of neoliberal policies?

    They often exacerbate economic inequalities.