Midterm Flashcards
Quantitative method
study data from a large number of cases. Emphasis on breadth.
Qualitative method
Study a few cases in depth. Emphasis on depth.
Legitimacy
recognizing and accepting something as right. Traditional; Charismatic; Rational-legal
Ethnicity
Attributes or social institution that makes a group of people culturally different from others
National Identity
Bound together by a common set of political aspirations. Common territory; language; culture; enemies
Liberalism
Freedom to make choices. minimum regulation. Laissez-faire. Foundation of capitalism(wealth gap)
Communism
total state ownership= no market competition. benefits equally distributed among people.
Social Democracy
private property and market forces. large welfare state. corporatism. Policy system involving state, labor, and business
Fascism
no personal freedom. denies equality to achieve state power. hierarchy.
Anarchism
rejects notion of state and private property. people cooperate without state
Market
interaction between forces of supply and demand
Inflation
increase in the overall prices in the economy when demand outstrips supply.
Absolute advantage
equal trade of goods between countries. One country produces more efficiently than the other.
Comparative advantage
one country produces a product more efficiently compared to other products relative to another country.
Presidential System
Separation of powers. fixed term=stability. directly elected=legitimacy. hard to remove president. divided government=political deadlock.