Democratic Capitalist
Democratic capitalism, also referred to as market democracy, is a political and economic system that 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]   |
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Political
Politics () is the set of activities that are associated with decision-making, making decisions in social group, groups, or other forms of power (social and political), power relations among individuals, such as the distribution of Social status, status or resources. The branch of social science that studies politics and government is referred to as political science. Politics may be used positively in the context of a "political solution" which is compromising and non-violent, or descriptively as "the art or science of government", but the word often also 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 in a limited way, 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 ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Election
An election is a formal group decision-making process whereby a population chooses an individual or multiple individuals to hold Public administration, 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 (government), executive and judiciary, and for local government, regional and local government. This process is also used in many other private and business organizations, from clubs to voluntary association 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 History of Athens , Athens, where the elections were considered an oligarchy , oligarchic institution and most political offices were filled using sortition, also known as allotment, by which officeholders were chosen by lot. ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Economic Growth
In economics, economic growth is an increase in the quantity and quality of the economic goods and Service (economics), services that a society Production (economics), produces. It can be measured as the increase in the inflation-adjusted Output (economics), output of an economy in a given year or over a period of time. The rate of growth is typically calculated as List of countries by real GDP growth rate, real gross domestic product (GDP) growth rate, List of countries by real GDP per capita growth, real GDP per capita growth rate or List of countries by GNI per capita growth, GNI per capita growth. The "rate" of economic growth refers to the Exponential growth, geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents the trend in the average level of GDP over the period, and ignores any fluctuations in the GDP around this trend. Growth is usually calculated in "real" value, which is real v ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 con ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Trade Union
A trade union (British English) or labor union (American English), often simply referred to as a union, is an organization of workers whose purpose is to maintain or improve the conditions of their employment, such as attaining better wages and Employee benefits, benefits, improving Work (human activity), working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting and increasing the bargaining power of workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The union representatives in the workforce are usually made up of workplace volunteers who are often appointed by members through internal democratic elections. The trade union, through an elected leadership and bargaining committee, bargains with the employer on behalf of its members, known as t ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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 volunteers, to form a body (or organization) to accomplish a purpose. Common examples include trade associations, trade unions, learned societies, professional associations, and 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 interest, although this term is not widely used or ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Welfare Spending
Welfare spending 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. pensions), 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 subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and public housing.''The New Fontana Diction ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Wheeling University
Wheeling University (WU, formerly Wheeling Jesuit University) is a private Catholic university in Wheeling, West Virginia, United States. 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 incorp ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or service (economics), 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 (economics), 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 product (business), products, processes, Service (economics), services, technologies, art works or business models that innovators make available to Market (economics), 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 requir ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sustainable Business
A sustainable business, or a green business, is an enterprise that has (or aims to have) a minimal negative (or potentially positive) impact on the global or local environment, community, society, or economy. Such a business attempts 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, a 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 replace 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 "Gr ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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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, the lower prices for the products typically are, 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 re ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Elias G
Elias ( ; ) is the hellenized version for the name of Elijah (; ; , or ), 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 * Elijah, Elia, Ilyas, Elias Indonesian * Elias, Eelis, Eljas Finnish * Elias Danish, German, Swedish * Elias Portuguese * Elias, Iliya () Persian * Elias, Elis Swedish * Elias, Elyas (ኤሊያስ) 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 (, ) Arabic * Ellio ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |