Social classes vocab
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7 Terms
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Social class
A group of people who share a same economic situation, income, culture
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Welfare state
The state pays allocations to its citizens, it takes care of them from cradle to grave
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Trade unions
Groups of workers defending their rights
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Thatcherism
The political atmosphere during the time that Margaret Thatcher was PM of the UK (1979 - 1990)
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Neo liberalism
An economist view, complete opposite of the previous system, limited the power of trade unions and control of the government, paying less taxes, more rights for large companies
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Monopoly capitalism
Philosophy of one entity making money and all the others just lose, can't produce their own goods
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ONS
Office of national statistics
Note 
Flashcards (58)