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14 Cards in this Set
- Front
- Back
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Corporate welfare
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Government subsidies, tax breaks, and tax expenditures that directly aid corporations.
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Corporate capitalism
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The developed or advanced stage of capitalism in which large corporations dominate the means of production and often the political system as well.
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Privileged position of business
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The idea that business has the advantage in most political disputes because of its power to threaten "disinvestment" when government proposes regulations and/or taxation.
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Shareholder democracy
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The idea that corporations are held accountable to the public through the power of shareholders over corporate policies.
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Economic planning
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Long-term decisions by either government or corporations about what and how much to produce.
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World trade organization (WTO)
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An international organization with 153 members that promotes international trade and enforces trade agreements.
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North American Free Trade Agreement (NAFTA)
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An agreement officially signed in 1992 between the United States, Canada, and Mexico designed to reduce trade barriers and increase free-trade.
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Wagner act
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A federal law passed in 1935 the protects the rights of American workers to join a union.
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Fortunate fifth
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The top 20% of income earners.
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Wealth inequality
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The gap in that money worth among various population groups.
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Paper Entrepeneur
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A person who makes his or her fortune by managing mergers are speculating and Stocks.
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Chief executive officer (CEO)
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The person, hired by the Board of Directors, who runs the day-to-day affairs of a private corporation.
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Subprime mortgage lenders
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Financial institutions that give loans at higher interest rates and conventional mortgages because the borrower is viewed as high-risk.
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Civil society
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The public space between the formal realm of government and the private realm of the family in which people form voluntary ties to each other.
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