Examlex
Liquidity constraints prevent people from engaging in consumption smoothing.
Popular Democracy
A form of democracy that emphasizes the role of the people in governance and decision-making processes, often through direct participation or referendums.
Ratification
The official way to confirm something, usually by vote. It is the formal validation of a proposed law.
Human Nature
Human nature refers to the inherent characteristics, behaviors, and instincts that are believed to be common to all humans, influencing their actions and reactions in various situations.
Political Life
The aspect of society related to the pursuit of government, public policies, or the conduct of government affairs.
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