BUS 200 Chapter Notes - Chapter 9: Physical Property, Religious Law, Totalitarianism
Business 200 chapter 9 terms
Theocracy
a system of government where the priest rule in the name of god or a god
Tribal Rule
a single culture or ethnicity where they enact their own government
Absolute Monarchy
a monarchy that is not limited or restrained by laws or a constitution
Democracy
a system of government in which power is vested in the people, who rule either directly or
indirectly
Totalitarianism
all power goes to one individual such as the following: communism and fascism and other right
wing form
Pseudo-democracy
Describes a political system which calls itself democracy, but does not give its citizens a real
choice
individualism
a social theory favoring freedom of action for individuals over collective or state control
collectivism
the political principle of centralized social and economic control
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market economies
economic decisions and the pricing of goods and services are guided solely by the aggregate
command economies
an economy in which production, investment, prices, and incomes are determined centrally by
a government
mixed economies
an economic system combining private and public enterprise
civil law
the system of law concerned with private relations between members of a community rather
than criminal, military, or religious affairs.
common law
developed by judges, courts, and similar tribunals, when giving decisions in individual cases
Theocratic law/ Religious law
government by divine guidance or by officials who are regarded as divinely guided
Physical property
tangible or monetary
Intellectual Property
-Property in ideas
-Contrast a physical book or CD with the content it contains
Protection of property rights
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Document Summary
Theocracy a system of government where the priest rule in the name of god or a god. Tribal rule a single culture or ethnicity where they enact their own government. Absolute monarchy a monarchy that is not limited or restrained by laws or a constitution. Democracy a system of government in which power is vested in the people, who rule either directly or indirectly. Totalitarianism all power goes to one individual such as the following: communism and fascism and other right wing form. Theocratic law/ religious law government by divine guidance or by officials who are regarded as divinely guided. Contrast a physical book or cd with the content it contains. Deregulation is the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. The transfer of ownership of property or businesses from a government to a privately owned entity.
