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A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...
The postwar liberal consensus included acceptance of a modest welfare state and anti-communism domestic and foreign policies. [40] Some of its elements were shared with embedded liberalism , which aimed to combine benefits of free markets with some interventionist domestic policies.
A liberal autocracy is a non-democratic government that follows the principles of liberalism. [1] Until the 20th century, most countries in Western Europe were "liberal autocracies, or at best, semi-democracies". [2] One example of a "classic liberal autocracy" was the Austro-Hungarian Empire. [3]
One axis was for economic freedom and the other was for personal freedom, with the scale on each of the two axes ranging from zero (total state control) to 100% (no state control). 100% freedom in economics would mean an entirely free market (laissez-faire); 100% freedom in personal issues would mean no government control of private, personal ...
What makes perfectionist liberalism liberal is that it either holds a theory of the good life that gives pride of place to the value of autonomy or that it holds a theory of the good life from which classical liberal rights and/or the principle of state neutrality can be derived (contingently, yet over a wide range of "close" possible worlds ...
In a constitutionally liberal state, a liberal market is regulated and protected at the level of the constitution and so trade is mostly free, but not entirely unhampered. [ 3 ] Throughout history, democracy is becoming more common around the world, but it has been in decline for the last 13 years. [ 4 ]
In macroeconomics, chartalism is the theory of money that money originated historically with states' attempts to direct economic activity rather than as a spontaneous solution to the problems with barter or as a means with which to tokenize debt, [1] and that fiat currency has value in exchange because of sovereign power to levy taxes on ...