How Might Democracy Be Impaired If Changes in Public Policy

question 10

Essay

How might democracy be impaired if changes in public policy are made to benefit private interests?​

Describe the implications of private ownership and free exchange.

Understand the economic rationale for specialization and division of labor.

Analyze the impact of trade on economic output and progress.

Comprehend how exchange creates value and facilitates economic progress.

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Definitions:

Neologism

A newly coined word or expression that may be in the process of entering common use.

Avolition

Refers to a decrease in the motivation to initiate and perform self-directed purposeful activities.

Auditory

Pertaining to the sense or organs of hearing, or to the process of perceiving sound.

Visual

Pertaining to the sense of sight or the perception of objects through light signals received and processed by the eyes.