Poverty

Here are the flashcards in a proper format:

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### 1. Structural Functionalism (Poverty)

Front:

✳ Structural Functionalism (Poverty)

Back:

✳ Definition:

Poverty serves a functional purpose by ensuring that all societal roles are filled.

✳ Key Idea:

- Division of labor motivates individuals through unequal rewards.

- Industrial societies face anomie due to a lack of common norms.

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### 2. Conflict Theory (Poverty)

Front:

✳ Conflict Theory (Poverty)

Back:

✳ Definition:

Poverty is a result of capitalist exploitation, where the ruling class controls resources and oppresses the working class.

✳ Key Idea:

- Inequality benefits the wealthy elite at the expense of the majority.

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### 3. Symbolic Interactionism (Poverty)

Front:

✳ Symbolic Interactionism (Poverty)

Back:

✳ Definition:

Poverty is shaped by how individuals perceive and define their economic status through social interactions.

✳ Key Idea:

- Work roles are central to one’s identity and status.

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### 4. Caste

Front:

✳ Caste

Back:

✳ Definition:

A rigid system of social stratification where status is inherited and mobility is restricted.

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### 5. Class

Front:

✳ Class

Back:

✳ Definition:

A group of people sharing a similar economic position based on wealth, income, and occupation.

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### 6. Wealth

Front:

✳ Wealth

Back:

✳ Definition:

The total value of a person’s assets minus their liabilities.

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### 7. Power

Front:

✳ Power

Back:

✳ Definition:

The ability to influence or control others, even against their will.

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### 8. Prestige

Front:

✳ Prestige

Back:

✳ Definition:

The level of respect or admiration an individual receives in society.

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### 9. Class Consciousness

Front:

✳ Class Consciousness

Back:

✳ Definition:

Awareness of one’s class position and its collective interests.

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### 10. Poverty

Front:

✳ Poverty

Back:

✳ Definition:

A state of lacking resources to meet basic needs like food, shelter, and clothing.

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### 11. Relative Poverty

Front:

✳ Relative Poverty

Back:

✳ Definition:

Poverty measured in comparison to the standard of living of others in the same society.

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### 12. Segregation

Front:

✳ Segregation

Back:

✳ Definition:

The separation of people based on race, gender, or class.

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### 13. Services and Goods

Front:

✳ Services and Goods

Back:

✳ Definition:

Services: Valued activities that benefit others (hairdressers, lawyers,
babysitters, bankers)

Goods: Commodities ranging from necessities – food, clothing, shelter to
luxuries such as automobiles, swimming pools, yachts

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### 14. Capitalist Economies

Front:

✳ Capitalist Economies

Back:

✳ Definition:

An economic system where trade and production are privately owned and driven by profit.

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### 15. Three Features of Capitalist Economies

Front:

✳ Three Features of Capitalist Economies

Back:

✳ Key Features:

1. Private property ownership

2. Market competition

3. Profit motive

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### 16. Economy

Front:

✳ Economy

Back:

✳ Definition:

A system of producing, distributing, and consuming goods and services.

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### 17. Socialism

Front:

✳ Socialism

Back:

✳ Definition:

An economic system where the means of production are collectively owned, aiming for economic equality.

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### 18. Visible Minority

Front:

✳ Visible Minority

Back:

✳ Definition:

A group of people who are visibly different from the majority and often face discrimination.

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### 19. Global Economy

Front:

✳ Global Economy

Back:

✳ Definition:

The interconnected economies of the world, where goods and services are exchanged on a global scale.

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### 20. Corporate Multinationalism

Front:

✳ Corporate Multinationalism

Back:

✳ Definition:

Large corporations operating in multiple countries, influencing local economies and politics.

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### 21. Industrialism

Front:

✳ Industrialism

Back:

✳ Definition:

An economic system focused on mass production using mechanized processes.

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### 22. Post-Industrialism

Front:

✳ Post-Industrialism

Back:

✳ Definition:

A shift from manufacturing to a focus on services and information industries.

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### 23. Structural Functionalist Perspective: Economic Institution

Front:

✳ Structural Functionalist Perspective: Economic Institution

Back:

✳ Definition:

The economic institution provides basic necessities and surplus wealth, enabling societal development.

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### 24. Anomie

Front:

✳ Anomie

Back:

✳ Definition:

A state of normlessness, often resulting from rapid social change, leading to social issues like crime.

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### 25. Communism

Front:

✳ Communism

Back:

✳ Definition:

A system advocating for a classless society with collective ownership of the means of production.

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### 26. Laissez-Faire

Front:

✳ Laissez-Faire

Back:

✳ Definition:

An economic philosophy promoting minimal government intervention in the economy.

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### 27. Tertiary Work Sector

Front:

✳ Tertiary Work Sector

Back:

✳ Definition:

The sector focused on providing services rather than goods (e.g., education, retail).

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### 28. Primary Labor Market

Front:

✳ Primary Labor Market

Back:

✳ Definition:

Jobs offering high wages, job security, and benefits, often requiring specialized skills.

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### 29. Gatekeepers

Front:

✳ Gatekeepers

Back:

✳ Definition:

Individuals or institutions that control access to resources, information, or opportunities.