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republic

Dictionary of Political EconomyDictionary of Political Economy
Originally, any form of government not headed by an hereditary monarch. In modern American usage, the term usually refers more specifically to a form of government (a.k.a. "representative democracy") in which ultimate political power is theoretically vested in the people but in which popular control is exercised only intermittently and indirectly through the popular election of government officials and/or delegates to a legislative assembly rather than directly through frequent mass assemblies or legislation by referendum.

[See also: democracyreferendumstatepopular sovereignty]


 

Dictionary of Political Economy INDEX:


List of Terms: Terms beginning with "A", Page 1

Starts With:  A B C D E F G H I J L M N O P R S T U V W
Page Number:  1

A: Page 1 of 1.

Absolute advan...Acquittal
Agency problem
Agency problem...Agency problem...Aggregate dema...
Aggregate supp...Allocation
Anarchism
Appropriation ...Aristocracy
Authorization ...
Autocracy

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