| A | B |
| labor union | an organization of workers gain better wages & working conditions |
| laissez-faire | government economic policy characterized by lack of government control; "hands-off" |
| legislation | the act of making laws |
| legislative branch | one of three branches of government that makes laws |
| legislators | a person who makes laws for a state or community |
| levy | collect by legal authority |
| liberty | the condition of being free |
| limited monarchy | the power of the king is not absolute (ie: Parliment, Magna Carta) |
| literacy | being able to read |
| lobbyists | people who are hired by a group of people to influence bills |
| lockout | the suspension of work or closing of a plant by an employer during a dispute |
| loose interpretation | government has broad powers implied by its delegated powers; elastic clause |
| loyalty | the state of being faithful |