Challenges To The Authority Of State In The Late 18th And 19th Centuries: Key Terms Flashcards
What is capitalism?
An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state
Democracy
A system of government where eligible members of the population elect their leaders/representatives
What does the term ‘closed shop’ mean?
A place of work where all employees must belong to an agreed trade union
Entrepreneur
A person who sets up a business, taking on financial risks in the hope of profit
Artisan
A worker in a skilled trade, especially one that involves making things by hand
Knobstick
A term for a worker who is not part of a union and works when others are striking
Picketing
A form of protest in which people gather outside a place or work or location where and event is taking place, in order to draw public attention to a cause
Dividend
A sum of money paid regularly by a company to its shareholders out of its profits
Shareholder
Somebody that owns share ( a percentage or part of) in a company
Mutualism
Mutualism is a relationship that benefits both individuals involved
Cooperative economics
An economic system whereby those who follow its principles and values can meet their basic needs
Laissez faire economics
An economic system that is free from government intervention
What is the difference between parliament and government?
Parliament is a group of elected politicians who make laws for the country
Government is the group of people/ party who officially control a country
Hunger politics
Humanitarian aid to help the hunger conditions worldwide
Constitution
The basic principles and laws of a nation/ state that determines the powers and duties of the government and guarantees certain rights to people in it