ECONOMICS
ECONOMIC INSTITUTIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
combination of companies that control the production or distribution of a product or service
|
|
|
includes jobs with large firms holding dominant positions within their industries
|
|
|
set of organizations that determine how goods and services are produced and distributed
|
|
|
network of unrelated businesses operating under one umbrella
|
|
|
system in which political decisions are made as a result of bargaining and compromise among special-interest groups
|
Detailed explanation-1: -: a state of society in which members of diverse ethnic, racial, religious, or social groups maintain and develop their traditional culture or special interest within the confines of a common civilization. : a concept, doctrine, or policy advocating this state.
Detailed explanation-2: -Pluralism as a political philosophy is the recognition and affirmation of diversity within a political body, which is seen to permit the peaceful coexistence of different interests, convictions, and lifestyles.
Detailed explanation-3: -The most notable example of pluralist democracy in the American political system is the role that interest groups play in political decisions today.
Detailed explanation-4: -In this sense, pluralism is considered a key element of democracy. Perhaps the most extreme example of pluralism is found in a pure democracy, where each individual is allowed to vote on all laws and even court decisions.