Vocab

1) labor union : organization of workers who bargain for better pay and work condition.

2) Standard of living: the level of Material goods and services available to the people in society.

3) Social mobility: the ability of individuals or group that move up the social scale.

4) Free Market: unregulated exchange of goods and services

5) unitarianism : ideas that the goal of society should be to bring about the greatest happiness for the greatest number of people.

6) Socialism: system in which the people as a whole, rather than private individuals, own all property and operate all business.

7) means of production: Farms, factories, railways and other large businesses that produce and distribute goods.

5) protetariat: working class

9) Communion: Form of Socialism advocated by karl mavx. according to Marx class struggle was invented and would lead to the creation of a classless society in which all wealthy & property would be owned

10) Social democracy: Political ideaology in which there is a gradual transition from capitalism into socialism instead of a sudden, indent over throw of the system