Introduction to Sociology/Economy/Bokyung Kim
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<Gross fixed capital formation, % of GDP, data from World Bank January 2014>
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<Inequalities in disposable household income in OECD countries as measured by the Gini conffcient in 2000>
1. Summary
We use the
environment for our material needs. We call it the economy.
The economic
system includes production, exchange, distribution, and consumption. As society
grows, the economy grows.
In the past, goods
trade appeared in social relationships within a social group. In capitalist
societies, elements of capital and production are controlled. Capitalism
flourished on the late Middle Ages.
The economics of
capitalism develop in the interaction of money, commodities, labour power,
means of production, and production.
This interaction
requires individuals and businesses. We buy and sell goods and services in the
market. Prices of goods and services relate to demand, supply, and competition.
Worker works and companies provide wages for it. Labor unions and government agencies
are involved in the proper wage. In a capitalist society, governments play
important functions. It includes the issuance of money, supervision of public
facilities, and prohibition of unfair practices. Capitalism is criticized
because it distributes wealth and power unequally. Socialism argues the use of
equal resources. Examples of socialism include Asia, Europe, and Latin America.
Gdp represents gross domestic product. The Gini coefficient represents the
income distribution of a nation's
residents
<Gross fixed capital formation, % of GDP, data from World Bank January 2014>
<Inequalities in disposable household income in OECD countries as measured by the Gini conffcient in 2000>
2. What was interesting
I knew a little
about capitalism society, but I did not know it in
detail until I read this writing.
It was good to
know the history and role of capitalism in detail.
I was surprised
that the government has so many functions in capitalism society.
I would like my
government to function well and function smoothly in our economy.
3. Discussing point
According to this writing, in capitalist society, the minimum wage is set
in most countries and the government is trying to do this. In our country, too,
there is a minimum wage system, and many people are aware of it, but often do
not work well. What should we do to solve this problem? I wonder your opinion.
I am very pleased that you are thinking and worrying about the minimum wage system. Most of the efforts of the country have been largely followed, but in many cases, such as nightly allowances or Weekly allowance are often not followed. In order to improve this, I think that students and young people who work part-time rather than relying too much on the conscience of their bosses should look for various wage schemes and claim them to appreciate their labor value. If you browse on the internet, you can easily see a lot of information.
ReplyDeleteThere are many places where the minimum wage is not guaranteed such as convenience stores and reading rooms in Korea. Also, most of the weekly pay allowance and night allowance are not kept. To solve this problem requires the bwana's conscience and strong punishment. And the part-timer should be familiar with the labor law. Also simplify the process of notifying the bwana.
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