Apply the concepts of ethnocentrism and cultural relativism to your own perceptions and interactions. Apply the basic ideas and focus of the following three major theoretical perspectives: the structural-functional paradigm, the conflict paradigm, and the

Week 7: Individual Work (Worksheet)

Our book talks about the globalization of capitalism. That is, often the systems used within dominate cultures “spread” to other areas of the world. Conversely, opposing systems can work their way into dominate culture as well. When thinking about the United States, do we trend towards being a capitalist society or are we based on socialism?

Please respond to all of the following prompts:

1. Define Capitalism and Socialism .

· Define Capitalism:

Your Answer:

· Define Socialism:

Your Answer:

2. Which do you see as being dominate in the United States?

· Which is more popular in the U.S: Capitalism or Socialism?

Your Answer:

3. What are some pros and cons of each?

· List at least one positive and one negative of Capitalism:

Your Answer:

· List at least one positive and one negative of Socialism:

Your Answer:

4. Apply Functionalism to Capitalism. (If needed, go back to review Week 1. We covered this in our Week 1 discussion and Chapter 1 readings.)

Your Answer: