GOVERNMENT AND ECONOMY

BY : RABIA KHALID

ECONOMIC SYSTEM
CAPITALISM SOCIALISM

CAPITALISM
Capitalism is an economic system in which the means of production are largely in private hands and the main incentive for economic activity is the accumulation of profits.

SOCIALISM
The means of production and distribution in a society are collectively rather than privately owned. The basic objective of the economic system is to meet peoples needs rather than to maximize profits.

POLITICS AND GOVERNMENT

POWER TYPES OF AUTHORITY

POWER
Power is the ability to exercise ones will over others. To put it another way, whoever can control the behavior of others is exercising power.

AUTHORITY
Authority refers to power that has been institutionalized and is recognized by the people over whom if is exercised.

TYPES OF AUTHORITY
TRADITIONAL AUTHORITY is the legitimate power is conferred by custom and accepted practice. POWER MADE LEGITIMATE by law is known as legal-rational authority. CHARISMATIC AUTHORITY refers to power made legitimate by a leaders exceptional personal or emotional appeal to his or her followers.

POLITICAL SOCIALIZATION
The process by which you acquire political attitudes and develop patterns of political behavior is known as POLITICAL SOCIALIZATION. This involves not only learning the prevailing beliefs of a society but also coming to accept the political system.

WOMEN IS POLITICS
In 1999, there were only 67 women in Congress. They accounted for 58 of the 435 members of the House of Representatives and 9 of the 100 members in Senate. Women were not even allowed to vote in national elections until 1920, and subsequent female candidates have had to overcome the prejudices of both men and women regarding womens fitness for leadership. But while women politicians may be enjoying more electoral success now than in the past, there is evidence that the media cover them differently from men.

INTEREST GROUPS
An INTEREST GROUP is a voluntary association of citizens who attempt to influence public policy. The National Organization for Women (NOW) is considered as an interest group.