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Clientelism is perhaps the most prominent feature of Brazilian politics. First, explain what is meant by this concept. Next, citing specific examples, illustrate how clientelism permeates the Brazilian political system. Finally, assess the impact this has had on Brazil's transition to democracy.
Dividend
A part of a company's profits distributed to its shareholders, typically every three months.
Required Return
The minimum expected rate of return on an investment necessary to compensate for the risk of the investment.
Beta
A measurement of the volatility of a stock or portfolio compared to the market as a whole.
Constant Rate
A fixed percentage or value used in calculations that does not change over the period in question.
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