Discuss the Differences Between the Major Parties Today

question 6

Essay

Discuss the differences between the major parties today. What are the most important constituencies of each party? Are these constituencies currently stable or in flux? Do the parties adequately represent the beliefs and concerns of their average supporters? Do the events of recent years suggest that a realignment is taking place in the American political system, or will dealignment remain the prevailing trend?

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Definitions:

Credit

Credit refers to the trust which allows one party to provide resources (money, goods, services) to another party wherein the second party does not reimburse the first party immediately but promises to return or repay those resources (with or without interest) at a later date.

Cash Account

An account that records all transactions involving the exchange of cash.

Debited

An accounting term that refers to an entry on the left side of an account ledger, representing an increase in assets or a decrease in liabilities or equity.

Prepaid Expenses

Expenses paid in advance for benefits to be received in the future, recorded as assets on a balance sheet until used.