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Vocab intro government in America
chapter 1
9
History
12th Grade
01/09/2011

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Term
Goverment
Definition
the political direction and control exercised over the actions of the members, citizens, or inhabitants of communities, societies, and states
Term
Conservative
Definition
disposed to preserve existing conditions, institutions, etc., or to restore traditional ones, and to limit change.
Term
Liberal
Definition
favorable to progress or reform, as in political or religious affairs.
Term
Free-Market
Definition
an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
Term
Ideology
Definition
the body of doctrine, myth, belief, etc., that guides an individual, social movement, institution, class, or large group.
Term
Capitalism
Definition
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.
Term
Socialism
Definition
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
Term
Factions
Definition
a group or clique within a larger group, party, government, organization, or the like: a faction in favor of big business.
Term
Public goods
Definition
services such as national defence, law enforcement, and road building, that are for the benefit of, and available to, all members of the public
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