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In politics, gridlock or deadlock or political stalemate is a situation when there is difficulty passing laws that satisfy the needs of the people. A government is gridlocked when the ratio between bills passed and the agenda of the legislature decreases.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Also called the Blue Dog Democrats or simply the Blue Dogs. A caucus in the United States House of Representatives comprising members of the Democratic Party who identify as centrists or conservatives and profess an independence from the leadership of both major parties. The caucus is the modern development of a more informal grouping of relatively conservative Democrats in U.S. Congress ...
A kakistocracy (/ ˌ k æ k ɪ ˈ s t ɒ k r ə s i / KAK-ist-OK-rə-see) is a government run by the worst, least qualified, or most unscrupulous citizens. [1]: 54 [2] [3] The word was coined as early as the 17th century, [4] and is derived from two Greek words, kákistos (κάκιστος, ' worst ') and krátos (κράτος, ' rule '), with a literal meaning of ' government by the worst ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Political or comparative economy is a branch of political science and economics studying economic systems (e.g. markets and national economies) and their governance by political systems (e.g. law, institutions, and government).
Politicians, who rarely meet voters in person, seek to use the media as a means of communicating with people, winning votes, and obtaining political roles. Some research confirms that the media increases the popularity of a politician, and indicates that negative news has a stronger effect on popularity than positive news.
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...