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Control theory argues that deviance is primarily prevented by an individual s strong internal moral compass, and the approval or disapproval of other people has little effect.
Balanced Budget
A financial situation where revenues are equal to expenditures, resulting in no deficit or surplus.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production.
Constitutional Amendment
A formal change or addition to a constitution, often requiring a specific process and approval to be enacted.
Budget Surpluses
Occurs when a government's revenues exceed its expenditures during a fiscal period, leading to extra funds.
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