What Does the "Tyranny of the Majority" Mean? Why Did

question 11

Essay

What does the "tyranny of the majority" mean? Why did James Madison consider it a potential problem? How does that fit with a republic based on majority rule? What did the framers of the Constitution ultimately do to prevent majority tyranny and do you believe it has been effective?

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Definitions:

Net Income and Losses

The difference between total revenues and total expenses, indicating the financial performance of a company over a specific period.

Sale

A transaction between two parties where the ownership of goods, services, or assets is transferred from the seller to the buyer for an agreed amount of money or value.

Journal Entry

A record in the books of accounts that represents a business transaction and its effects on the company's finances.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, used to transfer amounts from one account to another.