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Socail Systems

Economics and Politics - Definitions

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