Term
|
Definition
| The American economic system. Economic system characterized by the private ownership of capital goods, investments made by private decision, not by government directive, and success or failure determined by competition in the marketplace. |
|
|
Term
|
Definition
| States that when supplies of goods & services become plentiful, prices tend to drop. When supplies become scarcer, prices tend to rise. |
|
|
Term
|
Definition
| An economy in which private enterprises exists in combination with a considerable amount of government regulation and promotion. |
|
|
Term
|
Definition
| Gov't is restricted in what it may do, and each individual has certain rights that government cannot take away. |
|
|
Term
|
Definition
| Great Charter forced upon King John of England by his barons. Established that the power of the monarchy was not absolute and guaranteed trial by jury and due process of law to nobility. |
|
|
Term
|
Definition
| The idea that govt should serve the will of the people. |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Prohibited a standing army in peace time & required all parliamentary elections be free. |
|
|
Term
|
Definition
| a written grant of authority from the king |
|
|
Term
|
Definition
| The power of a court to determine the constitutionalityof a govt action. |
|
|
Term
|
Definition
| changes or additions that become part of the written language of the Constituion itself. |
|
|
Term
|
Definition
| a pact made by the President directly with the head ofa foreight state. |
|
|
Term
|
Definition
| formal agreement b/w 2 or more soveriegn states. |
|
|
Term
|
Definition
| the group that makes the formal selection of the nation's President. |
|
|
Term
|
Definition
| advisory body to the President. By custom, the heads of the 15 executive departments. |
|
|
