GlobalBusiness CH2 Flashcards
(9 cards)
1
Q
Difference between collectivism and individualism in the political system
A
Collectivism= collective rules over individual goals Individualism = Individuals have the freedom to pursue in their own economic way
2
Q
Difference between Totalitarian and Democratic
A
Totalitarian= one person or political party exercises absolute control Democratic= government is by the people
3
Q
Social Democrats are achieved through…..?
A
Democratic means
4
Q
Communism is a revolution of…..?
A
Totalitarian dictatorship
5
Q
Theocratic Totalitarianism
A
based on religious principles
6
Q
Tribal Totalitarianism
A
Occurs when a political party represents the interests of a particular tribe
7
Q
right wing totalitarianism
A
generally permits economic freedom but restricts individuals political freedom
8
Q
Economic influence/ progress, 3 steps?
Can lead to what?
A
democracy–> innovation–> economic growth
Creating new markets and products. More productive labour and capital.
9
Q
Economy overall attractiveness looks at what 3 sections?
A
- Costs (legal costs, lack of infrastructure, corruption)
- Benefits (size of economy, likeliness of economic growth)
- Risks ( political risk, Economic risk Legal factors)
