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______ Refers to an Economic System in Which Free Enterprise

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______ refers to an economic system in which free enterprise is permitted and encouraged along with private ownership.


Definitions:

Critical Theory

A perspective that views the world as socially constructed through communication but sees underlying systems of power as shaping how this social construction process occurs.

Neo-Marxist Theory

An approach that updates Marxist theory to consider the socio-economic complexities of modern societies, focusing on power dynamics and class relations.

Frankfurt School

A group of mid-20th-century theorists who combined Marxist economic analysis with Freudian psychoanalysis to critique mass culture, authoritarianism, and the commodification of culture.

McDonaldization

A term used to describe the process by which the principles of the fast food industry, such as efficiency, calculability, predictability, and control, have come to dominate other sectors of society.

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