chap 3 Flashcards
(4 cards)
1
Q
what does the term ‘political economy’ refer to?
A
the interaction of political,economic and legal systems in a country
2
Q
what is a characteristics of a democracy?
A
free elections and individuals freedoms
3
Q
what political system in characterized by supply and demand with minimal government intervention?
A
market economy
4
Q
which legal system relies on judicial precedents and tradition?
A
common law
