Vocabulary Chapter 2 & 3 Flashcards
Democracy
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
Monarchy
a form of government with a monarch at the head.
Dictatorship
Govt by a dictator
Market Economy
economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country’s individual citizens and businesses. There is little government intervention or central planning.
Traditional Economy
original economic system in which traditions, customs, and beliefs help shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Countries that use this type of economic system are often rural and farm-based.
Republic
a state in which supreme power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch.
Parliament
In modern politics and history, a parliament is a legislative, elected body of government. Generally, a modern parliament has three functions: representing the electorate, making laws, and overseeing the government via hearings and inquiries
Command Economy
an economy in which production, investment, prices, and incomes are determined centrally by a government.
Representative
an economy in which production, investment, prices, and incomes are determined centrally by a government.
a person chosen or appointed to act or speak for another or others, in particular
Government
A government is the system to govern a state or community. In the case of this broad associative definition, government normally consists of legislators, administrators, and arbitrators
Rule of law
The rule of law is the legal principle that law should govern a nation, as opposed to being governed by decisions of individual government officials. … Rule of law implies that every person is subject to the law, including people who are lawmakers, law enforcement officials, and judges.
Limited Government
confined within limits; restricted or circumscribed: a limited space; limited resources. 2. Government. restricted with reference to governing powers by limitations prescribed in laws and in a constitution, as in limited monarchy; limited government.
Individual Rights
The freedom to act, work, think and behave without retribution bestowed upon members of an organization through legal, regulatory and societal standards. Governing authorities, such as the Occupational Safety and Health Administration (OSHA), protect individual rights in the workplace
Separation of Powers
an act of vesting the legislative, executive, and judicial powers of government in separate bodies.
Popular Sovernigty
Popular sovereignty, or the sovereignty of the people’s rule, is the principle that the authority of a state and its government is created and sustained by the consent of its people, through their elected representatives (Rule by the People), who are the source of all political power.
