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Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
Flipism – Practice or personal philosophy in which all decisions are made by flipping a coin; Flypaper effect – Grant municipality increase level of public spending more than income of equivalent size; Free-rider problem – Market failure benefitting non-paying users; Political economy – Study of the development of social production
Historians have employed political economy to explore the ways in the past that persons and groups with common economic interests have used politics to effect changes beneficial to their interests. [50] Political economy and law is a recent attempt within legal scholarship to engage explicitly with political economy literature.
The policies of the United States of America comprise all actions taken by its federal government. The executive branch is the primary entity through which policies are enacted, however the policies are derived from a collection of laws, executive decisions, and legal precedents.
The political system defines the process for making official government decisions. It is usually compared to the legal system, economic system, cultural system, and other social systems. According to David Easton, "A political system can be designated as the interactions through which values are authoritatively allocated for a society."
This model of the constitutional economics is based on the understanding that it is necessary to narrow the gap between practical enforcement of the economic, social, and political rights granted by the constitution and the annual (or midterm) economic policy, budget legislation and administrative policies conducted by the government.
Identifying a form of government is also difficult because many political systems originate as socio-economic movements and are then carried into governments by parties naming themselves after those movements; all with competing political ideologies. Experience with those movements in power, and the strong ties they may have to particular forms ...
The public problems that influence public policy making can be of economic, social, or political nature. [33] A government holds a legal monopoly to initiate or threaten physical force to achieve its ends when necessary. For instance, in times of chaos when quick decision making is needed. [34]