Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
15 Cards in this Set
- Front
- Back
- 3rd side (hint)
Nation
|
A population sharing a similar identity, not necessarily defined by geography.
|
|
|
Nation-State
|
Both geographically defined territory (and political system) and a common national identity. Today the world primarly consists of nation-states, however, this was not always the case.
|
|
|
Internal Sovereignty
|
Is the right to determine matters having to do with the population of the territory. (e.g. taxation).
|
|
|
External Sovereignty
|
Is the right to conclude binding agreements with other states. In other words, the state is recognized as an independent and legal political system by other states.
|
|
|
Constitutions
|
Maintain the rule of the law, often ensuring political power isn't heavily concentrated in one group/actor.
Define the political institutions of the country, as well as the powers of each institution. |
|
|
The Market
|
The interaction between forces of supply and demand, as well as how resources are allocated through this interation.
Markets tend to arrise whenever there is a demand for a particular good, resource, or service. Gov'ts cannot easily control the development of markets, although they oftern attemp to. (e.g. illegal drugs) |
|
|
Inflation
|
Rising prices and the devaluing of currency. Results from an imbalance of suppy and demand where there is too much currency and too few goods/services.
|
|
|
Hyperinflation
|
Inflation that is more than 50% a month for more than two months in a row.
|
|
|
Stagflation
|
Both high inflation and high unemployment
|
|
|
Monopolies
|
A single producer that is able to dominate the market for a certain type of product or service. The absence of competition can lead to inferior goods or services and increased prices.
|
Microsoft
|
|
Cartels
|
A group of producers who coordinate to dominate the market for a certain type of product or service.
|
Oil Industry, Tony Montana
|
|
Legitimacy
|
A value whereby an institution (in this case, the government as a whole) is accepted by the public as right and proper. Authoritarian regimes sometimes maintain legitimacy among the population.
|
Three types-
-traditional/hereditary -Charismatic -Rational/Legal |
|
Traditional/Hereditary Legitimacy
|
The political system is legitimate because it reflects the tradition of society and has been in place for a long time.
|
|
|
Charismatic Legitimacy
|
Rests on the power of ideas, often embodied in one individual. Tends to die with the individual.
|
Adolp Hitler, Bill Clinton
|
|
Rational/Legal Legitimacy
|
Based on a system of institutionalized laws and procedures.
|
|