What Might Explain Why the Popularity of Nondemocratic Rule Has

question 28

Essay

What might explain why the popularity of nondemocratic rule has waned in recent decades? What could reverse this course? Why do illiberal regimes have such staying power?

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Definitions:

Owner's Capital

The amount of equity a proprietor has in the business, representing the difference between the business's assets and liabilities.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future.

Adjusting Journal Entry

An accounting entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.