term1 Definition1term2 Definition2term3 Definition3
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Democracy
Greek for "rule by the people"; form of government in which all citizens have the right to vote.
Greek Government (usa, Norway, Sweden)
Athenian Democracy
A pure form of democracy, in which all adult citizens vote directly on matters affecting the community.
Pure form
Representative Democracy
Form of government on which citizens vote to elect given individuals to serve as their represtatives for a certain period of time.
U.S. Democracy
Totalitarian Government
System of government in which individuals govern without the support or consent of the citizenry; for example, a military dictatorship.
Dictatorship (north korea)
Constitutional Monarchies
Ceremonial Monarchs. (kings and queens)
England's government
Communism
An economic ideology whereby the government or state owns and controls all major factor of production and is philosophically a economically classless society.
Russia's government
Socialism
An economic ideology in which the government plays a strong role in the economy and may own stakes in certain businesses.
Strong Role
Capitalism
An economic ideology where businesses are privately owned, strong individual incentives exist, and the government plays very role in the economy.
U.S. government
Economic Perks
The risk that economic problems or mismanagement in a given country will have a meaningful negative impact upon the conduct of business in that country.
Negative impact on conduct
Political Risk
The risks that political forces or problems in a given country will have a meaningful negative impact upon the conduct of business in that country.
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