Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Politics > M3 L2 > Flashcards

M3 L2 Flashcards

1
Q

A social institution that organizes the production, distribution, and consumption of goods

A

Economic Institution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

The resources that individuals, groups, organizations, and nations need to survive

A

Services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

[Any establishment whose activities have a bearing on society], whether these institutions are business or not

A

Economic Institutions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

[Refers to a network of commercial organizations] (such as manufacturers, producers, wholesalers, retailers, and buyers) who generate, distribute, and purchase goods and services

A

Economic Institutions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Ways Economic Institutions are formed

A
  1. Informally
    (Repeated interactions between individuals or organizations that establish expected norms of behaviour)
  2. Formally
    (Through deliberate design from a private enterprise or civil society)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

The [movement of resources] or goods from where they are found or produced to where they will be used

A

Distribution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

[Transfer of goods] between individuals or groups

A

Exchange

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

The voluntary [giving or taking of objects without the use of money] in the hopes that, in the future, they could be given back

A

Reciprocity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Government transfer or transfer payments

A

Transfer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

[Required payments] that could take form through the collection of taxes, social services, pensions, housing, and healthcare

A

Transfer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What plays a crucial role in ensuring that transfer payments are collected successfully from participating citizens and institutions?

A

The Government

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

When individuals’ goods or services are pooled together by a central authority to be used at a later time

A

Redistribution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

An exchange where goods are passed back and forth from one group to another

A

Reciprocity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

A bigger setting where buyers or sellers simultaneously trade or exchange goods or services

A

Market

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

People involved in a market exchange

A
  1. One who has a product
  2. Another who has money
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Two individuals agree upon a specific price for a specific quantity of the product

A

Market Exchange

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Requirements in a market exchange

A
  1. A medium of exchange
  2. A rate at which products are exchanged for money
  3. Parties who are involved in the exchange
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Contains mechanisms that are essential to the existence of markets themselves, and these mechanisms are not “natural” given

A

States

19
Q

Wherein the material density of the state both as organization and administration is of relevance

A

Institutional Production Systems

20
Q

This opens up the field of international political economy

A

Interaction between markets and states

21
Q

Types of States According to Market Roles

A
  1. Laissez-Faire State
  2. Interventionist or Developmental State
  3. Welfare State
22
Q

The economy functions best when [the government does not intervene] through regulations, subsidies, privileges, and other types of intervention

A

Laissez-Faire State

23
Q

In this type of state, the state and market are closely intertwined

A

Interventionist or Developmental State

24
Q

Their relationship is managed by a special bureau or department that coordinates the developmental efforts of the state on the economy

A

Interventionist or Developmental State

25
Q

Type of state that [plays an important role] in the achievement and protection of the economic and social [well-being of its citizens]

A

Welfare State

26
Q

Type of state aimed at [achieving a good quality of life for the citizens], rather than merely driving economic development

A

Welfare State

27
Q

These may also contribute to providing welfare services

A

Businesses and organizations

28
Q

Groups and organizations which [operate outside the support] of any state or government

A

Non-State Institutions

29
Q

Examples of Non-State Institutions

A
  1. Banks and Corporations
  2. Cooperatives and Trade Unions
  3. Transnational Advocacy Groups
  4. Developmental Agencies
  5. International Organizations
30
Q

A [financial institution] licensed to provide several financial services to different types of customers

A

Bank

31
Q

An organization, created by a group of people known as shareholders, which is legally recognized to [act as a single person in carrying out certain goals and objectives]

A

Corporation

32
Q

Types of Corporations

A
  1. Business Corporation
  2. Non-Profit Corporation
33
Q

Created to operate and to generate profit

A

Business Corporation

34
Q

Established with the purpose of serving the public rather than pursuing profits

A

Non-Profit Corporation

35
Q

An [autonomous association of persons united voluntarily] to meet their common economic, social, and cultural needs and aspirations, through a [jointly owned and democratically controlled enterprise]

A

Cooperative

36
Q

An organization with a membership composed of workers or employees from related fields, which [aims to represent the interests and rights of its members], both in the workplace and in the society

A

Trade Union or Labor Union

37
Q

A collection of actors (individuals or groups) characterized by their fluid and open relations with each other

A

Transnational Advocacy Group

38
Q

United by their commitment to work on and defend certain issues and causes that are relevant across several nations

A

Transnational Advocacy Group

39
Q

[Vital in international relations] for people seeking to change the behavior of states or non-states because they create international awareness, thus causing global pressure for policy change

A

Transnational Advocacy Network

40
Q

International and local non-governmental organizations that are tasked and [committed to pursuing certain developmental agendas of a state]

A

Developmental Agency

41
Q

Institutions that provide help in support of a state’s economic growth and social progress

A

Developmental Agency

42
Q

An umbrella term used to refer to institutions [established by three or more states as voluntary members]

A

International Organization

43
Q

Its membership is entirely composed of national states or governments

A

International Organization

Politics (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions