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Democratic capitalism, also referred to as market democracy, is a political and economic system that integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. [1] The policies which characterise the system are enacted by democratic governments. [1]
Rule by a government based on consensus democracy. Military junta: Rule by a committee of military leaders. Nomocracy: Rule by a government under the sovereignty of rational laws and civic right as opposed to one under theocratic systems of government. In a nomocracy, ultimate and final authority (sovereignty) exists in the law. Cyberocracy
The development of French dirigisme coincided with the development of meritocratic technocracy: the École Nationale d'Administration supplied the state with high-level administrators, while leadership positions in industry were staffed with Corps of Mines state engineers and other personnel trained at the École Polytechnique.
This is an accepted version of this page This is the latest accepted revision, reviewed on 11 February 2025. There are 3 pending revisions awaiting review. Economic system based on private ownership This article is about an economic system. For other uses, see Capitalism (disambiguation). "Capitalist" redirects here. For other uses, see Capitalist (disambiguation). Part of a series on ...
In this model of capitalism (sometimes referred to as state development capitalism), the state has more independent, or autonomous, political power, as well as more control over the economy. A developmental state is characterized by having strong state intervention, as well as extensive regulation and planning.
The capitalist state is the state, its functions and the form of organization it takes within capitalist socioeconomic systems. [1] This concept is often used interchangeably with the concept of the modern state. Despite their common functions, there are many recognized differences in sociological characteristics among capitalist states. [2]
By this, the Democracy Ranking contributes to a further development of measurement of democracy. According to the ranking, democracy consists of six dimensions (one political, five non-political), with different weights for the overall quality of democracy. Their weights are distributed accordingly: politics (or the political system) 50%;
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as