Economic, Political & Social Systems

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8 Terms

1
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flat rate

a charge that is the same for everyone

fiksna stopa

Clients are charged at a flat monthly rate.

fixed/uniform rate

2
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trickle-down

used to refer to a situation in which something that starts in the high parts of a system spreads to the whole of the system

učinci prelijevanja

The supposed trickle-down effect of lower taxes for the rich has not yet resulted in greater prosperity for society as a whole.

percolate

3
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laissez-faire

economic philosophy of free-market capitalism that opposes government intervention

pustiti da se radi, pustiti da stvari idu svojim tijekom

They developed a laissez-faire attitude, as if they were waiting to see if he would die.

let it be, laid back

4
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adverse

acting against or in a contrary direction

nepovoljno

The plant tolerates adverse conditions.

unfavorable, hostile

adverseness, adversely, adversative

5
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autocratic

of, relating to, or being an autocracy

autokratski

Democracy is supposed to protect the people against the rise of autocratic rulers.

absolute

autocracy, autocrat

6
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entrepreneurial

relating to someone who starts their own business or is good at seeing new opportunities to make money

poduzetnički

With more people self-employed, has our society become more entrepreneurial?

enterprising, ambitious

entrepreneur

7
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constituent

one of the parts that a substance or combination is made of

sastavnica

What are the basic constituents of the mixture?

component, element, ingredient

constituently, constituency

8
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fostering

to encourage the development or growth of ideas or feelings

potaknuti

I'm trying to foster an interest in classical music in my children.

promote, encourage

fosterer(s)