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Terms in this set (34)
Structures, Processes, and activities by which a nation governs itself
Political System in which individuals govern without the support of the people, tightly control peoples lives, and do not tolerate opposing viewpoints.
political systems in which a countries religious leaders are also its political leaders
Political System under the control of totalitarian religious leaders
Political system in which leaders rely on military and bureaucratic power
Belief that social and economic equality can be obtained only by establishing an all-powerful Communist Party and by granting the government ownership and control over all types of economic activity.
Belief that social and economic equality is obtained through government ownership and regulation of the means of production
Political system in which government leaders are elected directly by the wide participation of the people or by their representatives
democracy in which citizens elect individuals from their groups to represent their political views
Segment of the economic environment compromising independently owned firms that seek to earn profits
Belief that ownership of the means of production belongs in the hands of individuals and private businesses.
Likelihood that a society will undergo political changes that negatively affect local business activity.
Forced transfer of assets from a company to the government without compensation
Local Content Requirements
laws stipulating that a specified amount of good or service be supplied by producers in the domestic market.
Policy of hiring people to represent a companies views on political matters
Foreign Corrupt Act
a 1977 statues that forbids U.S. companies from bringing government officials or political candidates in other nations.
Set of laws and regulations, including the processes by which a country laws are enacted and enforced and the ways in which its courts hold parties accountable for their actions
devotion of a people to their nations interest and advancement.
Legal system based on a countries legal history (tradition), past cases that have come before its courts (precedent), and how laws are applied ins specific situations (usage).
Legal system based on religious teachings
property that results from peoples intellectual talent and abilities.
Legal rights to resources and any income the generate
Patent and trademark
property right granted to the inventor of a product or process that excludes others from making, using or selling the invention,
Property rights in the form of words or symbols that distinguish a product and its manufacturer.
property rights giving creators of original works the freedom to publish or dispose of them as they choose.
International treaty that protects property.
responsibility of manufacturers, sellers, individuals, and others for damage, injury or death caused by defective products.
Value Added tac
Tax levied on each party that value to a product throughout its production and distribution
Antitrust (antimonopoly) Laws
Laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly
personal behavior in accordance with guidelines for good conduct or morality
corporate social responsibility
practice of companies going beyond legal obligations to actively balance commitments to investors, customers, other companies, and communities
environmental impact of greenhouse gases that result from human activity.
International organization formed after World War II to provide leadership in fostering peace and stability around the world.
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