12-Economics+and+Politics

Politics: the social institution that distributes power, sets a society's goals, and makes decisions Ex.: The sects of profanations at the hospital will determine their ranks and positions of power.

Power: the ability to achieve desired ends despite resistance from others.  Ex.: Whenever there's a fight at the hospital it usually ends with either Dr. Cox or Dr. Kelso to end the dispute.

Socialism: an economic system in which natural resources and the means of producing goods and services are collectively owned. Ex.: The hospital must work as a team and to keep everyone alive. At the end of the day, if one fails, they all fail.

Postindustrial Economy: a productive system based on service work and computer technology. Ex.: Sacred Heart is an example of a system in a Postindustrial economy because it provides health services as well providing education through diagnosing. A case could be made as well for the hospital’s extensive use of computers to aid them in rendering services.

Tertiary Sector: the part of the economy that involves services rather than goods. Ex.: Sacred Heart Hospital provides health services ranging from diagnosing, prescribing, surgery, and other services.

Profession: a prestigious white-collar occupation that requires extensive formal education. Ex.: The doctors at Sacred Heart, as well as any other licensed hospital, must have extensive training from an accredited university.