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The term is generally used by critics of a national government. It has been used variously in the past to describe the Russian government under Boris Yeltsin and later, under Vladimir Putin, [10] the government of Egypt under Abdel Fattah Al-Sisi, [11] governments in sub-Saharan Africa, [12] the government of the Philippines under Rodrigo Duterte, [13] and the governments under some United ...
A form of government where the monarch is elected, a modern example being the King of Cambodia, who is chosen by the Royal Council of the Throne; Vatican City is also often considered a modern elective monarchy. Self-proclaimed monarchy: A form of government where the monarch claims a monarch title without a nexus to the previous monarch dynasty.
For example, Senator Elizabeth Warren stated in December 2014 that an omnibus spending bill required to fund the government was modified late in the process to weaken banking regulations. The modification made it easier to allow taxpayer-funded bailouts of banking "swaps entities", which the Dodd-Frank banking regulations prohibited.
In its classical form, despotism is a state in which a single individual (the despot) holds all the power and authority embodying the state, and everyone else is a subsidiary person. This form of despotism was common in the first forms of statehood and civilization; the Pharaoh of Egypt is an exemplary figure of the classical despot.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
A common simplified definition of a republic is a government where the head of state is not a monarch. [37] [38] Montesquieu included both democracies, where all the people have a share in rule, and aristocracies or oligarchies, where only some of the people rule, as republican forms of government. [39]
This creates a hybrid form of government, with a local direct democracy and a representative state government. For example, most Vermont towns hold annual town meetings in March in which town officers are elected, budgets for the town and schools are voted on, and citizens have the opportunity to speak and be heard on political matters. [200]
Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') [1] [2] [3] is a form of government in which power rests with a small number of people.