Summary

We talk a lot about “the economy” today and throughout history. Rightly so, because this has been a very important institution of society since it details how we get what we need to live. Humans have transitioned through many structural shifts, many of us moving ourselves along the continuum from hunter-gather societies to our current post-industrialization. In present-day, there are an array of economies, just as there are varieties of governments.

What you learned to do:

• Differentiate between economic systems and discuss theoretical views of economics
• Define globalization and describe its manifestation in modern society
• Describe working conditions in the United States