PRELIM REVIEWER IDENTIFICATION • Group of people who share a common set of values and norms, which is people who are bound together by common culture. • Is found in states where a party, group , or individual that governs according to religious principle monopolizes political power. • Systems were all productive activities are privately owned. • Is the system of producing and distributing of goods and services allocating resources in a society. • Generally permits some individual economic freedom but restrict political freedom, frequently on the grounds that it would lead to rise communism • A style of economy where in the government plans the goods and services that a country produces • Refers to the shift toward a more integrated and interdependent economy • Define as certain sectors of the company are left to private ownership and free market. • Means abstract ideas about what group believes to be good, right and desirable. • Involves removing legal restrictions to the free play of market. Enumerate 3 types of economic system Enumerate 3 Different Legal systems Enumerate 4 major forms of Totalitarianism TRUE OR FALSE (2 pts each) • Democracy refers to a political system in which government is by the people, exercised either directly or through elected representatives. • Tribal totalitarianism has arisen from time to time in African countries. • Collectivism refers to the political system that stresses the primacy of collective goals over individual. • Civil law is based on the tradition, precedent & custom. • Deregulation involves strict adherence on government policy & rules. • Theocratic law system is based on the detailed set of law organized into codes. • Ethical systems refer to a set of moral principles, or values that are used to guide and shape behaviour. • Individualism refers to a philosophy that an individual should have freedom in his or her political pursuit. • Privatization is transfer of the individual ownership into state • Political risk has been defined as the likelihood that political forces will cause small change in country business environment. • What is the relationship between corruption in a country and economic growth? • what is international business
Posted on: Fri, 11 Jul 2014 13:57:41 +0000
Recently Viewed Topics
© 2015