In: Economics
the first sentence defining the term and the second speaking to why it is significant. could some one answers these terms.
11. Hegemon
12. Deterrence
13. Conservatism
14. Political ideology
15. Democratic socialism
16. Social safety net
17. Hard power
18. Soft power
19. Multilateralism
20. Unilateralism
11. Hegemon : It is something which has a dominating power, influence and authority to change others.
It is significant as it gives an idea who is the dominating and authorised person in the group.
12. Deterrence : The action of demotivating or discourage other people or an event by creating a doubt or suspicion about the outcome of the same.
Through this, we get to know, which are the possible negative outcome associated with any event.
13. Conservatism : supporting the traditional ideas and concepts and strong resistance towards innovation and new ideas
The extent of conservatism of any individual gives an idea about his reluctance to adopt new products and ideas.
14. Political ideology : Opinion and viewpoint towards political issues and environment.
Opinion towards politics gives an idea how a person reacts towards a particular government and the actions taken by the political body.
15. Democratic Socialism : State of the economy where the means of production are owned by society or by collection of people and there is democracy where people are given the highest authority.
Such an economy is for the people, by the people and to the people and means of production are also controlled by the society, so people in the society are of highest value.