Unit 4: Ideologies Flashcards
Individualism
relying on one’s own knowledge, beliefs, morals, and experiences
Equality of Opportunity
everyone having the same ability to take opportunities
Free Enterprise
an economic system that is largely unregulated by the government
Political Socialization
the process of external factors influencing and shaping a person’s political views
Political Ideology
a person’s individual political beliefs
Liberal
place more value on issues to deal with social wellness and equitability
Conservative
place more value on economic and military issues
Democrat
a political party that leans more liberal
Republican
a political party that leans more conservative
Keynesian Economics
the belief that changes in any input(i.e. supply, demand, cost of materials) affect output
Supply Side Economics
the supply of goods and services are what lead to economic growth
Monetary Policy
policy followed by the national bank
Fiscal Policy
government spending and taxation to influence the economy
Generational Effect
formative events that happen during a person’s lifetime influences their ideology
Life Cycle Effect
the way a person’s ideology can change over the course of their life