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Socail Systems
Economics and Politics - Definitions
| Question | Answer |
|---|---|
| Upper socail class of noble rank,title or birth, tradionally land owners usally indentified with feudal system | Aristocracy |
| Self governing and independant country | Autonomous |
| According to Marx in the middle class, the owners of the means of production who exploited the working class | Bourgeisie |
| An organization characterized by centralized authority with clearly stated procedures for carrying out its tasks | Bureucracy |
| Adivisors to the leader who also head up government departments | Cabinet |
| Money, Man made objects,machinery | Capital |
| Producers that make the same product who are involved in planning market stategy | Cartel |
| An economic system in which major desicions about production and distrubution are made by planners | Central Planning |
| A government in which two or more political parties join together to govern | Coalition Government |
| Philosopy of acting together for a common group good rather than individuals | Collectivism |
| Economic system in which all desicions are made at the top | Command Economy |
| AN 1848 declaration outlinedby Marx and Engels in which they called for the overthrow of capitalism. | Communist Manifesto |
| A general opinion or principal that our representatives must gain our acceptance before they can act. | Consensus |
| Person who favours keeping things as they are, opposed to change exept for slow, cautious reforms. | Conserative |
| Decisions are made by many different groups and individuals | Decentralization |
| A period when business activity slow down, During this time there is unemplyment and falling prices and incomes | Depression |
| System of government in which the power is with the elite and the rights of the citizens is not guaranteed | Dictatorship |
| Citizens make all their own decisions by voting on all issues instead of allowing a representative to do this for them. | Direct Democracy |
| To disagree with the majority or with government actions | Dissent |
| Goal was to nationalize large businesses and redistrabute income in Great Britain | Fabian Movement |
| Political system which empasizes nationalism, militarism, anti-communist and totalitarian rule. Individuals are allowed to retain ownership of capital goods but are subject to centralized control | Fascism |
| Polictical system that power is divided among central and regional governments | Federalism |
| Right to vote in public election | Franchise |
| Private ownership of property and freedom of individuals to buy and sell. Little government involvement | Free Enterprise |
| German terms for leader (Hitler) | Fuhrer |
| Secret police of NAzi regime associated with terror and force | Gestapo |
| An open and frank approach introduced by Mikhail Gorbachev to solve USSR problems | Glasnost |
| Planning for USSR distribution | Gossnab |
| USSR planning for economy and political goals of the Comunist party | Gosplan |
| Process in the USA Congress to remove member of office who have broken the law | Impeachment |
| Groups that try to influence the government for a certain position | Interest Groups |
| Adam's Smith theory to prove there was no need for production because the profit motive would result in producer making what the consumer wanted at an acceptable price. | Invisible Hand |
| An Absence of government action, especially in the realm of industry where trade well flurish best when there is a minimum amout of interference by the state in economic affairs | Laissez - Faire |
| Attracted by ideals of Socailism and collectivism and economic and political equality | Left - Wing |
| Policies favouring reform and progress espically in government and economics | Liberal |
| Bringing pressure on the government to do something for the benefit of a particular interest | Lobby |
| An ideology in which class conflict is considered the main force of socail change | Marxism |
| A capitalist economy in which private enterprise and competitive markets have been altered by governement intervention and monopoly. | Mixed economy |
| process of turning a privatly owned industry into a publicly owned company | Nationalization |
| Roosevelt's policy to involve the government in the economy for recovery from the depression in 1929 | New Deal |
| Rule by few influential members | Oligarchy |
| Restructuring of the political and economic institutions of the Soviet Union under Mikhail Gorbachev | Perestrokia |
| Political-economic system that stresses varying degrees of government ownerships and redistribution of income | Socailism |
| Maintain things as they are. | Status Quo |
Created by:
studybrotha
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