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Democratic Capitalism
Democratic capitalism, also referred to as market democracy, is a political and economic system. It integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. The policies which characterise the system are enacted by democratic governments. Democratic capitalism was implemented widely in the 20th century, particularly in Europe and the Western world after the Second World War. The coexistence of capitalism and democracy, particularly in Europe, was supported by the creation of the modern welfare state in the post-war period.Muller, Jerry Z. (March 2013).Capitalism and Inequality. ''Foreign Affairs''. The implementation of democratic capitalism typically involves the enactment of policies expanding the welfare state, strengthening the collective bargaining rights of employees, or strengthening competition laws. These policies are enacted in a capitalist economy characterized by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Election
An election is a formal group decision-making process by which a population chooses an individual or multiple individuals to hold public office. Elections have been the usual mechanism by which modern representative democracy has operated since the 17th century. Elections may fill offices in the legislature, sometimes in the executive and judiciary, and for regional and local government. This process is also used in many other private and business organisations, from clubs to voluntary associations and corporations. The global use of elections as a tool for selecting representatives in modern representative democracies is in contrast with the practice in the democratic archetype, ancient Athens, where the elections were considered an oligarchic institution and most political offices were filled using sortition, also known as allotment, by which officeholders were chosen by lot. Electoral reform describes the process of introducing fair electoral systems wher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Novak
Michael John Novak Jr. (September 9, 1933 – February 17, 2017) was an American Catholic philosopher, journalist, novelist, and diplomat. The author of more than forty books on the philosophy and theology of culture, Novak is most widely known for his book ''The Spirit of Democratic Capitalism'' (1982). In 1993 Novak was honored with an honorary doctorate at Universidad Francisco Marroquín due to his commitment to the idea of liberty. In 1994 he was awarded the Templeton Prize for Progress in Religion, which included a million-dollar purse awarded at Buckingham Palace. He wrote books and articles focused on capitalism, religion, and the politics of democratization. Novak served as United States Ambassador to the United Nations Commission on Human Rights in 1981 and 1982 and led the US delegation to the Conference on Security and Cooperation in Europe in 1986. Additionally, Novak served on the board of directors of the now-defunct Coalition for a Democratic Majority, a conserva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Union
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committee, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voluntary Association
A voluntary group or union (also sometimes called a voluntary organization, common-interest association, association, or society) is a group of individuals who enter into an agreement, usually as volunteering, volunteers, to form a body (or organization) to accomplish a purpose. Common examples include trade associations, trade unions, learned society, learned societies, professional associations, and environmental movement, environmental groups. All such associations reflect freedom of association in ultimate terms (members may choose whether to join or leave), although membership is not necessarily voluntary in the sense that one's employment may effectively require it via occupational closure. For example, in order for particular associations to function effectively, they might need to be mandatory or at least strongly encouraged, as is true of trade unions. Because of this, some people prefer the term common-interest association to describe groups which form out of a common i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. most pension systems), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through free or subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and publi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wheeling University
Wheeling University (WU, formerly Wheeling Jesuit University) is a private Roman Catholic university in Wheeling, West Virginia. It was founded as Wheeling College in 1954 by the Society of Jesus (also known as the Jesuits) and was a Jesuit institution until 2019. Wheeling University competes in Division II of the National Collegiate Athletic Association as a member of the Mountain East Conference. History Richard Whelan, bishop of the Diocese of Wheeling, lobbied the Society of Jesus in the 19th century to establish a university in the growing city. Over a century later, Whelan's original vision came to fruition. After a donor, Sara Tracy, left her estate to the diocese, it purchased land for a Jesuit college from Mt. De Chantal Visitation Academy. Wheeling College was founded through a partnership of the Diocese of Wheeling-Charleston with the Maryland Province of the Society of Jesus. Ground was broken on November 24, 1953, and the college was officially incorporated on S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. Innovation often takes place through the development of more-effective products, processes, services, technologies, art works or business models that innovators make available to markets, governments and society. Innovation is related to, but not the same as, invention: innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations require a new invention. Technical innovation often manifests itself via the engineering process when the prob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainable Business
A sustainable business, or a green business, is an enterprise that has minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that strives to meet the triple bottom line. They cluster under different groupings and the whole is sometimes referred to as "green capitalism." Often, sustainable businesses have progressive environmental and human rights policies. In general, business is described as green if it matches the following four criteria:Cooney, S. (2009) "Build A Green Small Business. Profitable ways to become an ecopreneur." # It incorporates principles of sustainability into each of its business decisions. # It supplies environmentally friendly products or services that replaces demand for nongreen products and/or services. # It is greener than traditional competition. # It has made an enduring commitment to environmental principles in its business operations. Terminology A sustainable business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition (companies)
In economics, competition is a scenario where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm. are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. The greater the selection of a good is in the market, prices are typically lower for the products, compared to what the price would be if there was no competition (monopoly) or little competition ( oligopoly). The level of competition that exists within the market is dependent on a variety of factors both on the firm/ seller side; the number of firms, barriers to entry, information, and availability/ accessibility of resourc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elias G
Elias is the Greek equivalent of Elijah ( he, אֵלִיָּהוּ ''ʾĒlīyyāhū''; Syriac: ܐܠܝܐ ''Eliyā''; Arabic: الیاس Ilyās/Elyās), a prophet in the Northern Kingdom of Israel in the 9th century BC, mentioned in several holy books. Due to Elias' role in the scriptures and to many later associated traditions, the name is used as a personal name in numerous languages. Variants * Éilias Irish * Elia Italian, English * Elias Norwegian * Elías Icelandic * Éliás Hungarian * Elías Spanish * Eliáš, Elijáš Czech * Elias, Eelis, Eljas Finnish * Elias Danish, German, Swedish * Elias Portuguese * Elias, Iliya () Persian * Elias, Elis Swedish * Elias, Elyas Ethiopian * Elias, Elyas Philippines * Eliasz Polish * Élie French * Elija Slovene * Elijah English, Hebrew * Elis Welsh * Elisedd Welsh * Eliya (එලියා) Sinhala * Eliyas (Ілияс) Kazakh * Eliyahu, Eliya (אֵלִיָּהוּ, אליה) Biblical Hebrew, Hebrew * Elyās, Ilyās, Eliya (, ) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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