BusCH2

the political, economic, legal systems of a country

system of gov't in a nation

emphasizes the group's goals over individual goals

someone who believes in public ownership of the means of production for the common good of society

those who believe socialism can be achieved only through revolution and totalitarian dictarships

a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole

those who are committed to achieving socialism by democratic means

the sale of state owned enterprises to private investors

an emphasis on the importance of guaranteeing individual freedom and self expression

political system in which government is by the people, exercised either directly or through elected representatives

one person or political party exercises absolute control over all aspects of human life and opposing parties are prohibited

citizens periodically elect individuals to represent them in government

political power is monopolized by a party or group or individual that governs according to religious beliefs

a party, group, or individual that represents the interest of a particular tribe monopolizes political power

political power is monopolized by a party, group, or individual that generally permits individual economic freedom, but restricts individual political freedom; including free speech, often on the grounds that it would lead to rise of communism

economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced

an economic system where the allocation of resources, including determination of what goods and services should be produced and quantities is planned by GOV'T

system of rules that regulate behavior and the process by which the law of a country are enforced and how remedies for grievances are collected

system of law based on tradition, precedent and customs.

system of law based on a very detailed set of written laws and codes

system of law based on religious teachings

a document that specifies the conditions of an exchange and details the rights and obligations of parties

body of law that governs contract enforcement

set of rules governing certain aspects of the making and performance of commercial contracts  between sellers and buyers who have their places of business in different countries

bundle of legal rights over the use to which a resource is put and over the use made of any income that my be derived from that resources

theft, piracy, blackmail, the like by private individuals

extortion of income or resources of property holders by politicians(GOV'T officials)

US law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions

products of the mind, ideas, music, design

grant the inventor of a new product or process exclusive rights to manufacture, use or sale of that invention

exclusive legal rights of authors, composers, playwright, artists, and publishers to publish and disperse their work as they see fit

designs and names often officially registered, by merchants or manufactures to differentiate their products

international org. whose member sign treaties to agree to protect intellectual properties

International agreement to protect intellectual property

set certain safety standards to which a product must adhere

involving holding a firm and its officers responsible when a product causes injury, death, damage