Create an account
giids abd services that cannot readily be provided by markets either because theya are too expensive for a single individual to buy or because if one person bought them, everyone else would use the, without paying.
gross domestic product (gdp)
Measure of exonomic nation's total prioduction of goods and services for a single year, valued in terms of market prices.
governing system in which the people govern themselves, from the reek term meaning 'rule by the many"
oprganization extending to the whole society that can legitimately use force to carry out its decisions.
idea that government originates as an implied contract among individuals who agree to obey laws in exchange for protection of their rights.
Individual dignity, equality before the law, widespread participation in public decisions, and public decisions by majority rule, with one person having one vote.
Basic principle that government is limited in what it may do, and each individual has certain rights that government cannot take away
rule by an elite that exercises unlimited power over individuals in all aspects of life.
monopoly of poliitcal power by an individual or small group that otherwise allows people to go about their private lives as they wish
A goverment limited by rule of law in its power iover the liverties of individuals
governing system in whice every person parcipates actively in every public decision rahter than delegating decision making to representititves
governing system in which public decision making is delegated to representatitves of the people chosen by popular vote in free, openm and periodic elections.
Political system in which power is concentrated in the hands of a relatively small group of individuals or institutions.
theory that democracy can be achieved through competition among multiple organized groups and that individuals can participate in politics through group memberships and elections; public policy is the result of competition among groups
political philosophy asserting the worth and dignity of the individual and emphasizing the rational ability of human beings to determine their on destinies
economic system asserting the individual's right to own private property and to buy, sell, rent,a nd trade that property in a a free market
extent to which people move upward or downward in income and status over a lifetime or over generations
awareness of one's class position and a feeling of political solidarity with others within the same class in opposition to other classes
evidence of u.s. citizenship, allowing people to travel abroad and reenter the united states
belief in the value of free markets, limited government, and individual self-reliance in economic affairs, combined with a belief in the value of tradition, law, and morality in social affairs
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together