Concept
Political system
Related concepts (14)
Democracy
Democracy (from dēmokratía, dēmos 'people' and kratos 'rule') is a system of government and form of liberalism in which state power is vested in the people, or the general population of a state based on principles of liberty and free will. According to the United Nations, democracy "provides an environment that respects human rights and fundamental freedoms, and in which the freely expressed will of people is exercised." In a direct democracy, the people have the direct authority to deliberate and decide legislation.
Political science
Political science is the scientific study of politics which is a social science dealing with the analysis and implementation of systems of governance and its impact on societies. Modern political science can generally be divided into the five sub-disciplines of political philosophy, political methodology, comparative politics, international relations, public policy and public administration.
Monarchy
A monarchy is a form of government in which a person, the monarch, is head of state for life or until abdication. The political legitimacy and authority of the monarch may vary from restricted and largely symbolic (constitutional monarchy), to fully autocratic (absolute monarchy), and can span across executive, legislative, and judicial domains. The succession of monarchs in many cases has been hereditical, often building dynastic periods. However, elective and self-proclaimed monarchies have also been established throughout history.
Political economy
Political economy is a branch of political science and economics studying economic systems (e.g. markets and national economies) and their governance by political systems (e.g. law, institutions, and government). Widely studied phenomena within the discipline are systems such as labour markets and financial markets, as well as phenomena such as growth, distribution, inequality, and trade, and how these are shaped by institutions, laws, and government policy. Originating in the 16th century, it is the precursor to the modern discipline of economics.