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Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
Tripartism is an economic system of neo-corporatism based on a mixed economy and tripartite contracts between employers' organizations, trade unions, and the government of a country. [ 1 ] [ 2 ] Each is to act as a social partner to create economic policy through cooperation, consultation, negotiation, and compromise. [ 1 ]
A phrase used by U.S. President James Madison to describe the representative, federal, political system of government constructed by the U.S. Constitution, in particular the partnership between the individual states and the central government, each of which is imbued with certain separate sovereign powers but also acts as a check and balance ...
The separation of powers principle functionally differentiates several types of state power (usually law-making, adjudication, and execution) and requires these operations of government to be conceptually and institutionally distinguishable and articulated, thereby maintaining the integrity of each. [1]
The United States Constitution says nothing about establishing a national bank. The U.S. government established a national bank that provided part of the government's initial capital. In 1819 the federal government opened a national bank in Baltimore, Maryland. In an effort to tax the bank out of business, the government of Maryland imposed a ...
Colloquially, the power-behind-the-throne. An official close to the president or monarch who has so much power behind the scenes may double or serve as the monarch. figurehead: a leader whose powers are entirely symbolic, such as a constitutional monarch. puppet government: a government that is manipulated by a foreign power for its own interests.
Technocracy is a form of government in which the decision-makers are selected based on their expertise in a given area of responsibility, particularly with regard to scientific or technical knowledge. Technocracy follows largely in the tradition of other meritocratic theories and assumes full state control over political and economic issues. [1]
In industrial policy, the government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation". [5] A country's infrastructure (including transportation, telecommunications and energy industry ) is a major enabler of industrial policy.