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38 Cards in this Set

  • Front
  • Back

Continuum

something that keeps on going, changing slowly over time

Precedence

the condition of being considered more important than someone or something else; priority in importance, order, or rank

Stifled

restraining from saying opinions for fear of punishment

Revenue

income, especially when of a company or organization and of a substantial nature

Autocracy

a system of government by one person with absolute power

Deregulation

the removal of regulations or restrictions, especially in a particular industr

Judicial

of, by, or appropriate to a court or judge

Monopoly

The exclusive ownership or control of trade in a particular good or service

Centralized

(of an activity or organization) controlled by a single authority or managed in one place

Tenet

a principle or belief, especially one of the main principles of a religion or philosoph

Inference

a conclusion reached on the basis of evidence and reasoning

Progressive tax


the average tax burden increases with income


• a tax system that increases rates as the taxable income goes up



the average tax burden increases with income • a tax system that increases rates as the taxable income goes upHigh-income families pay a high share of the tax burden low- & middle-income taxpayers pay a relatively small tax burden


High-income families pay a high share of the tax burden


low- & middle-income taxpayers pay a relatively small tax burden

Union

The act of uniting two or more things, people, groups of people, etc.


The state of being united.



Examples:



A group of states or nations united into 1 political body.



A labor union is an organization that acts as an intermediary between its members and the business that employs them. The main purpose of labor unions is to give workers the power to negotiate.

Human nature

General physiological characteristics and feelings of humans

Government

The governing head of a nation state

Rule of law

All individuals are equall before the law & subject to the law

Individual rights and freedoms

Every individual is allowed certain things/actions

Economic freedom

Freedom to buy and sell whatever you want to whoever you want

Competition

Competing with others for power or money

Private property

Property owned by the individual

Self interest

An individuals personal interest(s) to put them at an advantage

Political spectrum

Individualism vs collectivism

1. emergence of individualism

2. evolution of individualism

3. middle ages

4. Renaissance

5. the protestant reformation

6. the enlightenment

Political/economic grid

The ideology triangle

Ideology/ideologies

Impact of ideologies

Values

Influences on values

Hobbes

Locke

Rousseau