Government systems and economics Flashcards
mortage definition
a loan for a house or property
what are interest rates
amount a leader charges a borrower and it is a percentage of the amount loaned
What is supply and demand
the amount of a product and the desire of buyers for it
What is market economy
economic decisions and pricing of goods and services are guided by the interactions of a countries individual citizens and buisnesses
Whats a union
an agreement protecting a group of people and common interests
Whats healthcare
provision of medical care to individuals and or a community
what private vs public funding
private comes from companies and people
public comes from the government
Whats a mixed economy
economic system that combines both private or public systems
Whats capitalism
an economic and political system in which a countrys trade and industry are controlled by private owners for profit
whats the senate
upper house of the parliament of canada and is appointed. Makes bills
Whats a bill
a law before it is passed; a proposal for a law
whats the head of state
highest representative of a sovereign state
Whats the house of commons
“house of the people” every representative for every constituency in canada
Whats first past the post
candidates within their electoral ridings with the most votes. The first candidate past the post wins
Whats a majority government
winning party holds over 50% of the seats
whats a minority government
governing party has the most seats but still less than half
Supreme court justices
judges to oversee discussions and decisions
Whats a judicial branch
represent by courts. has the function of resolving conflicts related to laws
whats a lobby group
A group of people come together and try to influenece people in public office and politicians
political party:
a group of people running for government who share similar ideologies and goals
Whats a party whip
a person who ensures that members of the party vote according to the party platform
Whats a premier
head of government in a province or territory
Whats a member of legislative assembly
representative elected by voters of an electoral district
Whats a constituency or riding
s body of voters in an area who elect a representative. Hoe we divide land up to vote.