Module 2 Flashcards
amendment
a change or addition
antitrust law
a law created by the government of the United States to ensure that large corporations do not have a monopoly on the sale of goods or services
The antitrust law ensures that entrepreneurs have an opportunity to compete with one another.
boom
an economic stage in which the economy is growing
bust
a large decrease in economic activity; the collapse of an economy
caucus
a meeting of all elected members of a political party
Charter of Rights and Freedoms
a Canadian government document that lists the rights and freedoms of Canadian citizens
The Charter addresses free speech, freedom of the press, legal rights, language rights, mobility rights, and much more.
checks and balances
in the United States, the concept that one branch of government has the power to override decisions made by another branch of government
This process guarantees that one branch of government does not have more power than another branch.
classical liberalism
an ideology based on increased rights and freedoms for all individuals
coalition government
a majority government created by two or more political parties uniting and voting the same way on a bill
competition
when two or more companies sell similar products
constituent
a person who lives in a region represented by a Member of Parliament
consumer sovereignty
the concept that consumers determine what is produced
cradle to grave
from the time a person is born until the person dies
Some governments care for their citizens from cradle to grave.
Declaration of Independence
a government document of the United States, dated 1776, that sets out the rights and freedoms of American citizens
direct democracy
a type of democracy in which all individuals have the right to vote or express opinions on issues
Direct democracies work best in very small communities where most people have the same beliefs and values.
dissent
to oppose or disagree with something or someone
economic collectivism
an economic theory based on the idea that a country’s resources should be government-owned and divided equally among the people
economic individualism
an economic theory based on the idea that each person in society is responsible for meeting her or his own needs
entrepreneur
a person willing to risk and invest money to run a business or sell a product
Executive Branch
a branch of government usually responsible for introducing laws
federal system
a system of government in which there is a federal government
The federal government acts as the most important level of government, sometimes overseeing the provincial or state level of government.
feudal system
a system in which farm land is owned by a lord and rented to peasants in exchange for labour and a portion of the crop
first past the post
the party that receives the largest number of seats in a general election
free market economy
an economic system based on complete private enterprise and very little government intervention
Great Law of Peace
the oral constitution of the Haudenosaunee Confederacy
Some historians believe the American Constitution is based on the Great Law of Peace.
impeach
to bring an official to trial for misconduct
A president of the United States can be brought to trial, and even removed from office, if she or he does something that is considered to be an unacceptable action by a president.
Industrial Revolution
a time of change that began in Great Britain in approximately 1750
This period was marked by a great transformation in the way goods were made.
intervention
the act of getting involved in another person’s affairs
In a market economy, government will intervene when there are unfair business practices.