Gov vocab

Individualism

The idea that people should be independent and make their own choices, rather than relying on the government or groups.

Free Enterprise

A system where businesses can compete freely with little government control.

Rule of Law

The idea that everyone, including the government, must follow the same laws.

Political Socialization

The way people learn about politics, usually from family, school, and media.

Political Ideology

A person’s set of beliefs about how the government should work.

Exit Poll

A survey given to voters right after they vote to predict election results.

Representative Sample

A small group that reflects the whole population, used in surveys.

Keynesian Theory

The idea that the government should spend more money during bad economic times to help the economy.

Supply-Side Theory

The belief that cutting taxes and regulations helps businesses grow, which benefits everyone.

Monetary Policy

How the central bank controls money and interest rates to keep the economy stable.

Fiscal Policy

How the government uses taxes and spending to influence the economy.

Liberal Ideology

The belief in a strong government role to help people, promote equality, and protect rights.

Conservative Ideology

The belief in less government control, lower taxes, and traditional values.

Generational Effect

How major events shape the political views of people from a certain age group.

Life Cycle Effect

How people’s political views change as they get older.

Tracking Polls

Polls that ask the same questions over time to see how opinions change.

Federal Reserve System

The U.S. central bank that manages money, interest rates, and financial stability.