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10 Cards in this Set
- Front
- Back
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Free Riding |
Enjoying the benifits of some good or action while letting others bear the costs |
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Public Good |
A good that, first, may be enjoyed by anyone if it is provided and, second, may not be denied to anyone once it has been provided. |
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Constitutional Government |
A system in which formal and effective limits are placed on the powers of government. |
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Oligarchy |
A form of government in which a small goroup of landowners, military officers, or wealthy merchants controls most of the governing decisions. |
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Democracy |
A system of rule that permits citiizens o play a significant part in the governmental process, usually through the selection of key public officials. |
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Autocracy |
A form of government in which a single inidividual rules. |
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Authoritarian Government |
A system of rule in which the government recognizes no formal limits but may nevertheless be restrained by the power of other social institutions. |
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Totalitarian Government |
A system of rule in which the government recognizes no formal limits on its power and seeks to absorb or eliminate other social institutions that might challenge it. |
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John Locke |
Locke asserted the right to private property and the need for a government of laws and policies to protect that right. |
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Principal-Agent Relationship |
The relationship between a principal and his or her agent. This relationship may be affected by the fact that each is motivated by self-interest, yet thier intesrests may not be well aligned. |
