1. summary
Economy refers to activities that people do to get what they want to do. The size of the economy is proportionate to the size of the society. The bigger the size of society, the larger the size of the economy. Capitalism is the modern economic picture. There are five things that form capitalism; Commodities, Money, Labor power, Means of production, Production. Capitalism is criticized for its unequal distribution of wealth and power. What comes out of this criticism is socialism. Socialism refers to intentional production and equitable distribution.
2. new/interesting things
I always thought economics and sociology are truly different study. So I also thought sociologist do not need to study economics. But, according this document, sociologist always study about economy and try hard to find better way for our economy.
3. Discussion point
In terms of planning and equal distribution, socialism and communism seem quite similar. What is the difference between the two ideologies?
Economy refers to activities that people do to get what they want to do. The size of the economy is proportionate to the size of the society. The bigger the size of society, the larger the size of the economy. Capitalism is the modern economic picture. There are five things that form capitalism; Commodities, Money, Labor power, Means of production, Production. Capitalism is criticized for its unequal distribution of wealth and power. What comes out of this criticism is socialism. Socialism refers to intentional production and equitable distribution.
2. new/interesting things
I always thought economics and sociology are truly different study. So I also thought sociologist do not need to study economics. But, according this document, sociologist always study about economy and try hard to find better way for our economy.
3. Discussion point
In terms of planning and equal distribution, socialism and communism seem quite similar. What is the difference between the two ideologies?
Socialism is the transitional period of communism.
ReplyDeleteSocialism distributes assets by the state over all production.
Communism has no private property. they distribute fairly as needed.