Pei Flashcards
Determines how goods and services are produced and distributed
Economic institution
Determine how is obtained in exercised
Political institution
Legitimacy of leaders is rooted in custom kings
Traditional
Power of government officials is based on the officials they hold modern government
Rational legal
Types of political system
Democratic totalitarian authoritarian
Everyone participates in what kind of democracy
Direct
Elected officials fulfill majority of wishes and what kind of democracy
Representative
Really with absolute power tends to control all aspects of society
Totalitarianism
Control by elected by non-elected rulers who usually permit some degree of individual freedom somewhere between democracy and totalitarianism
Authoritarianism
Power of influence government and remove officials
Influence of the vote
How we develop political opinions
Political socialization
Two models of political power
Pluralism elitism
Political decisions are made as a result of bargaining in compromise
Pluralism
Community or society is controlled from the top by three individuals or organizations
Elitism
Based on private ownership of property and profit
Capitalism
Companies that have control over distribution of a product or service
Monopolies
Combinations of companies that control the production or distribution of a product or service
Oligopolies
Means of production should be controlled by the people as a whole
Socialism
Organization owned by shareholders who have a limited liability and limited control
Corporation
Heads sit one others boards
Interlocking directorate
Business operating under one umbrella
Conglomerates
Based on industrialized societies operating throughout the world
Multinational
Produces goods from natural environment
Primary sector
Manufactured goods
Secondary sector
