• the name of the discipline deals with production, distribution of goods and services
• economic system which affect us. when we talk about economic system, we are talking about work, goods, services, occupation...

Work means to carry out some certain tasks which requires some effort. Every work requires those tasks, when individuals work they get involved with some certain tasks and those tasks may become boring but work may become very satisfying. Occupation (job) means works that we do in exchange for a regular wage, we work to be paid. In work, people sell their labor. People are being paid some wages so in the economy we are talking about goods (commodities) and services which means valued activities that benefit other people. Service sector consists of jobs which involves activities that benefit others (doctors, teachers and advertising people belong to the service sector). In every economic system, work is the bases of the system. The economic system consists of production and distribution of goods and services. They are being distributed to people, in that sense the discipline economy deals with dynamic things, there are several branches of economy. When we talk about the development of European society, there are three important revolutions which are parallel to formation of premodern, modern and postmodern societies:   -agricultural, industrial, informational.       

Agricultural revolutions led to the development of premodern societies,industrial revolutions led to the development of modern societies and lastly informational revolutions led to the development of postmodern societies. Modern societies are very highly complex because there are different jobs being done by different people, there are different professions. The most important feature of these societies is economic interdependence. These societies are economically interdependent. Every part of the society depends on the other part. Manufacturing is not interdependent, it depends on agricultural sector. Primary sector means industries that involve the collection of natural resources such as agriculture. Secondary sector is industry that convert row materials into manufacturing goods.( auto industry and refinery). Lastly, tertiary (service) sector involves service industries or occupations which offer services to others. (education, health, advertising...)

V-) Corporations & Corporate Power

A) 200 corporations control over half of all manufacturing assets, also 600 largest MNCs (multi national corporations)

                        -- oligopoly                                              -- monopoly

B) Types of corporate capitalism    [ family capitalism, managerial capitalism, industrial capitalism (spread of share holding of corporations) ]

VI-) Professions

VII-) characteristics of paid work  (money, variety, social contacts, activity level, temporal structure, personal identity)

      In developed countries the proportion of these sectors is different. In developing countries, primary and secondary sectors are very effective but the role of the primary sector in developed countries is still important. After the industrial revolution, people started to produce more and the new technics that they needed so Taylorism and Fordism are both production technics which were used at first 15ths. The purpose of both taylorism and Fordism is to maximize production. They were putting workers and goods on an assembly line. Taylorism and Fordism are bottom of industrialization, after industrialization has been completed in western nations, the robotic technology came in and they started to use other electronic devices. In postindustrial economies, we are seeing much more sophisticated technology. In postindustrial economies people started to be employed especially in the service industries. In today's developed countries, more people being employed in service sector.

Deindustrialization means moving the factories from the first world to the third world. When corporations started to do that, they started to benefit from cheap labor in the third world and in the Pacific Rim (Hong-Kong, Taiwan). In the third world, there are factors which we might consider, there are more authoritarian regimes. There are some societies which include capitalism and socialism. The more the state intervene, we might talk about capitalism. Ideologies of capitalism can be defined as liberalism but in every capitalist economy things are different. In welfare states, rights of people are powerful. Capitalism and socialism can exist together but today capitalism is become stronger. Right now in global economy the role of governments become less important and the role of MNCs becomes more important.