hw #20

Martha Gulias                  pd4
Laissez Faire- A type of economy policy that lets the people own businnesses and industries take control of the enviroment
Adam Smith-Defended economic freedom & wrote a book called Wealth of Nations ,in wich he claimed that economic libertty guarranted economic progress.
Capitalism- A type  of economic system where money can be invested in order to make profit.
Utilitarianism- The philosophy in wich people were encouraged to judge on ideas & actions ,based  on the need for the greater good & usefulness of the ideas and actions.
Socialism: Factors of production are owned by the public
Karl Marx-Philosopher who tought of the idea of radical form  of socialism called marxism.
Communism-A form of complete socialism where all the factors of production will be owned by the people .
unions-Voluntary associations where workers joined to express their thoughts.
Collective bargaing-Negotiations between workers & employers ,about raising pays ,better working conditions.
Strike- when negotiations failed workers will refuse to work
First of all Marxistt society believed in interest of the public over the self. In a Marxist economy the people owned the factors of production for the welfare of the society.They believed in creating an equal class ,they believed that goverment run society,there will be better working conditions and eventually economic progress because everyone would be equal . In the other hand Capitalists believed that due to competition and supply and demand policies  people could access to cheaper & better and more efficiently made goods, wich ultimately helped both the consumer and the producer,leading to progress in the economy.
3.The main problem for unions were to grant good working conditions and increase  the wages of workers to a sufficient level.They negotiated with the employers to get these things done,however sometimes the employes will refuse.This would lead the workers to strike or not work.However this mostly benefited skilled workers that were low numbers.The poor were not lucky.They were unskilled  workers and they were plenty of them.Unions were also to promote the idea of women rights and their right to equal pay because during the mid 1800s.
4-I think that economic factors definitevely play a major role in society.I think that this idea is wrong.Economic factors can change the class structure and other social things, However things such as political factors such as the people desire  in democracy  is far much greater.There have been  revolutions due to major economical canges,such eas collapse of the Soviet Union etc.People wanted a economic freedin to the goverment, so even though economic forces do play a major role, it is in the end of what the people want