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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 ...
From the Marxian economic determinist perspective, race, ethnic, and gender conflict are sociological epiphenomena derivable from the primary economic class conflict. Unlike Marxian sociologists, SDT along with Mosca, Michels, and Pareto together reject reductionism solely to economic causes, and are skeptical of the hoped for class revolution ...
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
In Marxist philosophy, cultural hegemony is the dominance of a culturally diverse society by the ruling class who shape the culture of that society—the beliefs and explanations, perceptions, values, and mores—so that the worldview of the ruling class becomes the accepted cultural norm. [1]
Essentially, capital accumulation comes to define economic rationality in capitalist production. [103] A society, region or nation is capitalist if the predominant source of incomes and products being distributed is capitalist activity, but even so this does not yet mean necessarily that the capitalist mode of production is dominant in that ...
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 a class society, at least implicitly, people are divided into distinct social strata, commonly referred to as social classes or castes. The nature of class society is a matter of sociological research. [26] [27] [28] Class societies exist all over the globe in both industrialized and developing nations. [29]
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 ...