Unit 3 Vocabulary Quiz Review

being unemployed

• Real Wages

• Unemployment

• Underemployment

• Poverty

People in power will use it to keep others "in their place"

• Conflict View

• Poverty

• Bonded Labor

• Globalization

Movement within social classes.

• Slavery

• Classy Mobility

• First World

• Third World

when people may be able to afford basic necessities but cannot maintain an average standard of living

• Relative Poverty

• Slavery

• Absolute Poverty

• Poverty

workers are overqualified for their jobs or work fewer hours than they need

• Underemployment

• Unemployment

• Bonded Labor

• Real Wages

economic and political connections that tie the world's countries together

• World System Theory

• Caste System

• Estate System

• Bonded Labor

Bourgeoisie=Own the Factors of production Proletariat=Workers

• Stratification

• Weberian Three ps of Class

• Marxian Definitions of Class

• Minimum Wage

having little or no money and few or no possessions

• Slavery

• Status

• Poverty

• SES

the lowest legal wage that can be paid to most workers

• Real Wages

• Third World

• Minimum Wage

• First World

the communist and state-planned countries of the Cold War

• First World

• Third World

• Real Wages

• Second World