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| deciding who gets what, when, & how |
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| the study of politics, who governs for what ends and by what means |
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| organization extending to the whole society and can legitimately use force to carry out its decisions |
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| widespread acceptance of something as necessary, rightful, and legally binding |
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| idea that government originates as an implied contract among individuals who agree to obey laws in exchange for protection of their rights |
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| goods and services that cannot readily be provided by markets, either because too expensive for a single individual to buy or due to the fact that if one person bought them everyone else would be using w/o paying |
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| free competition for voluntary exchange among individuals, firms, ad corporations |
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| dollar sum of all the goods and services produced in the U.S. a year |
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| costs imposed on people who are not direct participants of the activity |
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| government transfers of income from taxpayers to people regarded as deserving |
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| governing system in while the people govern themselves |
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1. individual dignity
2. equality before the law
3. widespread participation in public decisions
4. public decisions by majority rule
each person having only 1 vote |
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| potential for conflict between individual freedom and majority rule |
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| principle that government power over the individual is limited..personal liberties that majority cannot regulate & government itself is restrained by law |
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| rule by an elites that exercises unlimited power over individuals in all aspects of life |
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| monopoly of political power by an individual or small group , but allows people to go on with their private lives |
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| governing system in which every person participates actively in every public decision rather than having representatives decide for them |
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| governing system in which public decision is given to representatives of the people chosen by popular vote in free, open, and periodic elections |
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| political system in which power is concentrated in the hands of a relatively small group of individuals or institutions |
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| theory that democracy can be achieved thru competition amongst several organized groups and individuals in participate in these groups thru memberships & elections |
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