Equality of opportunity - The idea that each person is guaranteed the same chance to succeed in life, Free enterprise - The ability of individual people and businesses to make money with minimal interference by government, Rule of law - The notion that everyone within a country including government offficals are subject to its laws, Political socialization - The process by which people form their political attitudes and beliefs through outside means such as family,media,globalization,etc, Political ideology - A certain set of ethical ideals, principles, doctrines, myths or symbols of a social movement, institution, class or large group that explains how society should work, Keynesian theory - An economic theory characterized by the belief that government should manage the economy by regulating demand, Supply-side theory - Economic theory characterized by the belief that government should manage the economy by regulating supply, Monetary policy - The set of actions taken by a central bank to control the money supply by measures such as raising or lowering interest rates, Fiscal policy - The set of actions taken by the government to use its tax and spending power to influence the economy, Liberal ideology - A political philosophy characterized by the belief that a primary purpose government is to promote equality and justice , Conservative ideology - A political philosophy characterized by an emphasis on personal liberty and limited government, Libertarianism - A political philosophy that advocates for minimal government involvement in personal and business decisions , Populism - Political doctrine that supports the rights and powers of the common people in their struggle with the privileged elite , Progressivism - As a political movement, progressivism seeks to advance the human condition through social reform based on purported advancements in science, technology, and social organization.,

Unit 4 Terms study-Xander Jones

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