Search results
Results From The WOW.Com Content Network
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
A dominant culture is a cultural practice that is dominant within a particular political, social or economic entity, in which multiple cultures co-exist. It may refer to a language, religion or ritual practices, social value and/or social custom. These features are often a norm for an entire society.
In sociology, the ruling class of a society is the social class who set and decide the political and economic agenda of society.. In Marxist philosophy, the ruling class are the class who own the means of production in a given society and apply their cultural hegemony to determine and establish the dominant ideology (ideas, culture, mores, norms, traditions) of the society.
[2] [full citation needed] [3] When the social control is carried out by another society, it is known as cultural imperialism. In philosophy and in sociology, the denotations and the connotations of term cultural hegemony derive from the Ancient Greek word hegemonia (ἡγεμονία), which indicates the leadership and the régime of the ...
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
Class society or class-based society is an organizing principle society in which ownership of property, means of production, and wealth is the determining factor of the distribution of power, in which those with more property and wealth are stratified higher in the society and those without access to the means of production and without wealth ...
In sociology and in political science, the term "the establishment" describes the dominant social group, the elite who control a polity, an organization, or an institution. In the praxis of wealth and power , the Establishment usually is a self-selecting, closed elite entrenched within specific institutions — hence, a relatively small social ...
An economic ideology is a set of views forming the basis of an ideology on how the economy should run. It differentiates itself from economic theory in being normative rather than just explanatory in its approach, whereas the aim of economic theories is to create accurate explanatory models to describe how an economy currently functions.