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6 Cards in this Set
- Front
- Back
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Politics
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The process of peacefully reconciling social and economic differences; (Who gets what, when and how)
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In general, What is the main reason for having the economic problems we do in society?
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Money & materials are limited but human wants and demands are not;
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Capitalism
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an economic system based on private ownership of property and free economic competition among individuals and businesses
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What are some restrictions that keep our economy from being a purely capitalistic?
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Minimum wage laws, Child Labor laws, environmental regulations, gov't provided services;
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Ideology
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A set of ideas concerning the proper political and economic system under which people should live; (The kind of gov't people think they should have)
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Government
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The political and administrative organization of a state, nation or locality; (The set of organizations within which politics takes
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