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26 Cards in this Set
- Front
- Back
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Reactionary |
Favor return to past conditions; far right |
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Moderate |
Favor some change within reasonable limits; centereconomy |
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Economy |
System of values, norms, and rules through which distribution of available goods and services |
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Capital |
Wealth devoted to the production and distribution of goods and services |
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Constitutional law |
Formalized norms which appear in written form of government |
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Limited monarchy |
Monarch shares power with other government officials |
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Direct democracy |
Everyone votes on everything directly |
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Ecosystem |
All the plants animals and people living in an area |
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Conservative |
Oppose all but slight changes; right |
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Liberal |
Favor gradual reform and change; left |
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Labor force |
The people needed to run machines and convert raw material into finished product |
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Barter system |
Good traded for other goods |
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Statutory law |
Laws that have been enacted by legislative body of government |
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Dictatorship |
Ruler who seizes power by force |
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Consumers |
People who purchase and use products |
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Monetary sysyem |
Use a symbol of value to purchase goods and services |
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Futurist |
A person who attempts to make predictions about the future using all presently available data |
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Radical |
Want to make drastic and widespread change to a society; far left |
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Credit |
The promise to pay at a later time for goods and services received now |
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Common law |
Unwritten laws that have developed over many years through local customs and judicial decisions |
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Absolute monarchy |
King or queen has complete control |
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Representative democracy |
The people elect representatives to make decisions for them |
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Precedents |
Prior judicial decisions that are used as sources of all in determining future cases |
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Scenario |
A short story like a count of what the future may be like |
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List the five parts of formal economic structure (how did the interrelate) |
1.) Production system - makes, puts together, or get the product 2.) distribution system - gets product to people 3.) service system - maintains product 4.) system of exchange - means of purchasing a product 5.) consumer - people who purchase and use products |
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Distinguish between primary and secondary functions of the political institution |
Primary 1.) Creating laws 2.) settling disputes 3.) power of sanctioning 4.) establishing court system 5.) making treaties Secondary 1.) Controlling natural resources 2.) building highways 3.) regulating activities |
