Political Science 1020E Study Guide - Midterm Guide: Market Failure, Status Quo Bias, Externality
10 Oct 2017
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Politics: is important because: its decisions affect us: those decisions are enforced, because the law assigns us civil rights and duties its meaning is, formal government activity, decides who gets what, when, and how. A social process or activity where individuals or groups with conflicting ideas reach binding decisions, which are then enforced. Aspects of politics: collective action, the balance of conflict and cooperation, authoritative decisions. Politi(cid:272)al phe(cid:374)o(cid:373)e(cid:374)a"s: include elections, demonstrations, protests, law-making, and policy decisions on the environment, healthcare, energy, security, and more. Forms of government: tyranny: one bad ruler, monarchy: one good ruler, oligarchy: wealthy people ruling in their own interest, aristocracy: ruling by the best people, democracy: ruled by the many. The state is: a territorial community, has centralized government authority, has monopoly of legitimate violence, and in return protects its citizens. To have power is to have the ability to produce results. Authority: is the right to command, and the right to punish those who disobey.
