Unit 5 Vocab Flashcards
a system of government marked by stringent social and economic control, a strong, centralized government usually headed by a dictator, and often a policy of belligerent nationalism
Fascism
the organization of a society into industrial and professional corporations which exercise control over individuals subject to them and serve as units of political representation.
Corporatism
the right of unions to negotiate with employers over wages and hours
Bargaining
when a government pays out more money than it takes in through taxation and other revenues, thus going into debt
Deficit Spending
an economic system in which government makes the decisions about what and how much will be produced
Command Economy