National differences I Flashcards
The political, economic and legal systems of a country
Political Economy
System of government in a nation
Political System
What are the two dimensions of political system?
- Collectivism
2. Individualism
A political system that emphasizes collective goals as opposed to individual good
Collectivism
An emphasis on the impatience of guaranteeing individual freedom and self-expression
Individualism
What are the 2 central tenets of individualism?
- Collectivism
2. Socialism
Those who believe in public ownership of the means of production for the common good of society
Socialism
How is socialism classified?
- Communists
2. Social Democrats
The sale of state-owned enterprises to private investors
Privatization
What are the main characteristics of individualism ?
- Democracy
2. Totalitarism
Political system in which government is by the people, excessed either directly or through elected representatives
Democracy
From of government in which one person or political party exercises absolute control over all spheres of human life and opposing political practices are prohibited
Totalitarism
Is based on a belief that that citizens should be directly involved in decision making
Pure Democracy
A political system in which citizens periodically elect individuals to represent them in government
Representative Democracy
State the 4 types of totalitarianism
- Communist
- Theocratic
- Tribal
- Right wing
A version of collectivism advocating that socialism can be achieved only through a totalitarian dictatorship
Communist
A political system is which political power is monopolized by a party, group or individual that governs according to religious principles
Theocratic
A political system in which a party, group or individual that represents the interests of a particular tribe monopolizes political power
Tribal
A political system is which political power is monopolized by a party, group or individual that generally permits individual economic freedom but restricts individual political freedom, including free speech, often on the groups that it would lead to rise of communism
Right wing
State the 3 broad types of economic systems
Market economy
Command economy
Mixed economy
An economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced
Market economy
An economic system where the allocation of resources, including determination of what goods and services should be produced , and in what quantity is planned by the government
Command economy
Is the combination between market economy and command economy
Mixed economy
System of rules that regulate behavior and the processes by which the laws of a country are enforced and through which redress of grievance in obtained
Legal system
