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Political Culture
The dominant set of beliefs, customs, traditions, and values that
define the relationship between citizens and government.
Individualism
The belief that individuals should be responsible for themselves
and for the decisions they make.
Laissez-Faire or Free Enterprise
An economic system in which government intrudes as little as
Free Enterprise possible in the economic transactions among citizens and
businesses.
Rule of Law
The principle that no one, including public officials, is above the
law.
Political Socialization
The experiences and factors that shape and individual’s political
values, attitudes, and behaviors.
Political Ideology
An individual’s coherent set of beliefs about government and
politics.
Generational Effect
The impact of historical events experienced by a generation upon
their political views.
Life-Cycle Effect
The impact of a person’s age and stage in life on his or her political
views.
Globalization
The increasing interconnectedness of people, businesses, and
countries throughout the world.
Outsourcing
When a company moves its business to a place where labor costs
are cheaper or production is more efficient because workers work
longer hours.
Need-Based Assistance
Financial aid given to people based on their financial need. Often
provided by the Federal or State governments.
Multinational Corporations
MNCs a business that operates in more than one country.
Non-Governmental Organizations
NGO which is an independent, non-profit organization that
operates outside government control.
Intergovernmental Organizations
IGOs an association of member states that work together
on shared interests. Created by treaty and have a legal
identity separate from their member states.
North American Free Trade Agreement
NAFTA Signed in 1992 and went into effect in 1994. It was
replaced by the United States – Mexico – Canada (USMCA)
agreement in 2020.