2

• Agricultural Revolution


  When people learned how to domesticate or take care of plants and animals, realizing it was more productive than hunter-gatherer societies. Helped build surpluses, permanent settlements, trade networks, and population growth.
• Industrial Revolution


  Rise of industry with new economic tools like steam engines, manufacturing, and mass production. Factories popped up, changing how work functioned. Productivity went up, standards of living rose, and access to a wider variety of goods increased.
• Information Revolution


  Technology has reduced the role of human labor and shifted the economy from manufacturing to service work and production of ideas rather than goods. Computers and technology are replacing many jobs through automation and outsourcing.
• Types of jobs under Industrial Revolution

  • Primary Labor Market (high income, job security, benefits)
  • Secondary Labor Market (fewer benefits, lower-skilled, lower-paying)
• Global Corporations


  Multinational or transnational corporations that intentionally surpass national borders and take advantage of opportunities in other countries to manufacture, distribute, market, and sell their products.
• Global corporations often locate their factories in countries which can provide the cheapest labor in order to save on expenses
• Workers in global corporations may be exploited with cut or low wages, long working hours, and high unemployment if the corporations relocate
• Cultural practices and expressions are passed between nations through diffusion, facilitated by technology