exam 1 review

exam 1 review - FP130 EXAM REVIEW Chapter 1 Aristocracy- a...

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Unformatted text preview: FP130 EXAM REVIEW Chapter 1 Aristocracy- a system of gov. in which control is based on rule of the highest Capitalism- the economic system that favors private control of business and minimal governmental regulation of private industry. Civil society- society created when citizens are allowed to organize and express their views publicly as they engage in an open debate about public policy. Communism- An economic system in which workers own the means of production and control the distribution of resources. Conservative- One thought to believe that a government is best that governs least and that big gov. can only infringe on individual, personal, and economic rights. Democracy- a system of gov that gives power to the people, whether directly or through their elected representatives. Direct democracy- A system of gov in which members of the polity meet to discuss all policy decisions and then agree to abide by majority rule. Free market economy- The economic system in which the “invisible hand” of the market regulates prices, wages, product mix, and so on. Indirect (representative) democracy- a system of gov that gives citizens the opportunity to vote for representatives who will work on their behalf. Liberal- one considered to favor extensive governmental involvement in the economy and the provision of social services and to take an activist role in protecting the rights of women, the elderly, minorities, and the environment. Libertarian- one who favors a free market economy and no governmental interference in personal liberties. Majority rule- the central premise of direct democracy in which only policies that collectively garner the support of majority of voters will be made into law. Mercantile system- a system that binds trade and its administration to national gov. Monarchy- a form of gov. in which power is bested in hereditary kings and queens. Natural law- a doctrine that society should be governed by certain ethical principles that are part of nature and, as such, can be understood by reason. Oligarchy- a form of government in which the right to participate is always conditioned on the possession of wealth, social status, military position, or achievement. Personal liberty- a key characteristic of US democracy. Initially meaning freedom from governmental interference, today it includes demands for freedom to engage in variety of practices free from governmental discrimination. Political culture- attitudes toward the political system and its various parts, and attitudes toward the role of the self in the system. Political ideology- an individual’s coherent set of values and beliefs about the purpose and scope of gov. Politics- the process by which policy decisions are made....
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This note was uploaded on 04/21/2008 for the course FP 130 taught by Professor Ernst during the Fall '04 term at Naval Academy.

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exam 1 review - FP130 EXAM REVIEW Chapter 1 Aristocracy- a...

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