One Important Test of How Well Democracy Is Working Is

question 253

True/False

One important test of how well democracy is working is how closely government policy corresponds to the expressed wishes of its citizens.

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Definitions:

Private Property

Refers to land, buildings, or possessions owned by individuals or entities and not by the government or public organizations.

Economic Systems

The structured and organized methods by which societies allocate resources, distribute goods and services, and manage economic activity.

Factors of Production

are the inputs necessary for the creation of goods and services, which typically include land, labor, capital, and entrepreneurship.

Economic Function

The role or purpose that an economic activity serves in the broader economy, contributing to overall economic performance.