MARK 4500 Lecture Notes - Lecture 18: Oligarchy
8 Mar 2018
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In many circumstances (cid:862)protecting(cid:863) the consumer requires (cid:862)regulating(cid:863) the consumer: ex: drinking/smoking ages, driving privileges, marriage licenses, height requirements. A form of government maintained by a state or country whose sovereignty is based on consent (we vote them in) of the governed and whose governance is based on popular representations. Rule of law is an essential feature of a republic. Dictionary definition: government by the people in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral. Abraham lincolns phrase: go(cid:448)er(cid:374)(cid:373)e(cid:374)t (cid:862)of the people, (cid:271)y the people, a(cid:374)d for the people(cid:863) Republic meaning the body of citizens does not rule itself directly, but through chosen representatives (ex: senators and representatives) Resolve 3 problems: defining membership (who is a us citizen and who is not, selecting representing agents (elected officials, rules of engagement: who does what to whom (laws)
