click below
click below
Normal Size Small Size show me how
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 |