The economic system based on private ownership of property, guided by the seeking of maximum profits

When four or fewer companies control 50 percent or more of an industry

The economic system where the means of production are owned by the people for their collective benefit

The division of the capitalist economy into primary and secondary labor markets

The policy of allowing the marketplace to operate without government interference

A form of interlocking directorate in which two companies each have a director on the board of a third company.

Social arrangements that channel behavior in prescribed ways in the important areas of societal life

The linkage between corporations that results when an individual serves on the board of directors of two companies

A style of management introduced to U.S. industries about 1900 that emphasized breaking down work into very specialized tasks, the standardization of tools and procedures, and the speeding up of repetitive work.

The separation of human beings from each other, from themselves, and from the products they create.

A substandard work environment where workers are paid less than the minimum wage, not paid overtime premiums, and other laws are violated.

A concept closely tied to segmented labor markets and one that refers to male dominance in work related roles.

Persons who have not actively sought work in the four weeks prior to being interviewed. These persons (two-thirds of whom are women) are not counted in the unemployed. (many of these workers were once employed in the secondary sector of the segmented labor force.

The propensity of employers to maximize profits by reducing labor expenses.