Introduction to Sociology

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  Putting It Together: Work and the Economy. Authored by: Cathy Matresse and Lumen Learning. Provided by: Lumen Learning. License: CC BY: Attribution
  
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  Modification, adaptation, and original content. Authored by: Rebecca Vonderhaar for Lumen Learning. Provided by: Lumen Learning. License: CC BY: Attribution
  

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  Economic Mobility & the American Dream . Authored by: PEW. Located at: https://www.youtube.com/watch?v=fTDhi12rqYc. License: Other. License Terms: Standard YouTube License
  

Answers to the "Try It" Questions Above

Question 1 Answer: corn
Corn is a raw product of agricultural production, which can be exchanged for and produced into other goods, making it a prime example of a commodity.


Question 2 Answer: when people began to grow crops and domesticate animals
When people began to raise domestic crops and livestock, having a surplus of goods, economies arose from trading surplus goods.


Question 3 Answer: Mercantilism
Mercantilism is a method by which governments attempt to protect their resources and promote manufacturing for their own good by implementing restrictive policies.


Question 4 Answer: information
In a postindustrial society, information is the most important commodity.


Question 5 Answer: quaternary
A software developer is working in the production of information and innovation, making this a part of the quaternary sector.


Question 6 Answer: market
Market socialism takes some aspects of the market and individual property into account, while enforcing government regulations.