| A | B |
|---|
| community | a group of people having common ties or intrest |
| society | a large community of people who have developed , organixed cultural and social institutions |
| rule of law | no power is greater than another |
| pluralistic society | a form of society that allows individuals to have a variety of goals that are different from the goals of society |
| scarcity | unlimited wants and limited resources |
| decision-making sysem | an organized, systematic method for making decisions |
| political system | an organized and coordinted method of dealing with issues that confront society |
| economical system | a set of approaches for making decisions about the use of resources |
| ideology | contain beleifs and ideas about human nature and or used to explain and justify political and economic systems |
| democracy | a political system based on political freedom |
| dictatorship | government by an individual or small group where the people are excluded from political power |
| private enterprise | and economic system based on individual freedom |
| public enterprise | an economic system based on government control |
| left side of the spectrum | support rapid violent change: revolutionary, radical |
| right side spectrum | resists change : counter revolutionary, reactionary |
| center of the spectrum | supports chand=ge in some areas but not in others : moderate |
| constituencies | other wise known as a riding |
| porportional representation | seats are represent the percentage of the popular vote each party recieved |
| dictatorship | as a system of government in which the leader is not bound to rule by law, and the government is not accountable to the people |
| absolutism | rule which is not subject to constitutional limits |
| autocracy | a government in which one person has supreme power |
| oligarchy | government by aw, or by a special group sharing the same intrest f |
| tyrancy | majority rle which abuses the privaliges and rigths of a minority |
| military dictatorship | a type of dictatorship where a member/members of the military are in charge of the governments |
| totalitarianism | a form of government in which one political party totaly dominates all aspects of society. |
| propoganda | ides used in wide spread and deliberate attempts to indoctrinate |
| coersion | use of force |
| indoctrination | the systematic instruction of political ideas with the view to increasing political support. |
| direction of popular discontent | scapgoating |
| controlled participation | people who are allowed to participate in and contribute to a government are more likely to support it. |
| other names for capatalism | free market, private enterprise, planned economy, collectivism, capatalism , free enterprise |
| other names for communism | public enterprise, command economy, communist |
| merchantalisim | an economic system that extended the poer of the government to intervene and was around aprox. 15th - 18th century |
| entrepreneur | innovative creative person |
| individualsim | people are allowed to enterfreely into the market and have the freedom to succeed or fail. |
| consumer sovereignty | reflects the ideas that under capatalism producers will be forced by competition to use their resourses in ways that will best satisfy the wants of consumers |
| competition | the efforts of two or more independent people or groups to obtain the same things; a rivalry |
| cooperation | working in a helpful way with another or others |
| lassiez faire | the government does not get involved in the 3 questions of economics. |
| profit motive | the desire to benefit or gain from ones actions; the desire to earn a reward for taking risks |
| market | the place where economic transaction occur; the group of potential buyers who create a demand for goods |
| capatalist | a person who favors an economic system in which individual wealth is used to carry a buisness |
| supply | the quantity of a good or sevice offered by producers for sale at any one time |
| demand | the quantity of a good or service consumers are willing to buy at any one time |
| consumer | buyer ands users of goods and serices |
| producer | sellers and makers of goods and services |
| fiscal policy | has to deal with taxes |
| monetary policy | has to deal with intrest rate |
| monopolies | the complete or mojority rule afa markey |
| buisness cycle | the perios of bust and booms |
| market price | the price at which supply of a good or service meets the needs of the greates number of buyers |
| equlibrium | point at which supply and demand meet |
