voting system
(noun)
A system used to determine the result of an election based on voters' preferences.
Examples of voting system in the following topics:
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Public Choice: Median Voters and Inefficient Voting Outcomes
- Public choice may not lead to an economically efficient outcomes due to who votes, why they vote, and in what system they vote.
- The system enforces rules to ensure valid voting, accurate tabulation, and a final result.
- Common voting systems include majority rule, proportional representation, or plurality voting.
- The study of voting systems is called voting theory.
- The Condorcet paradox is used to evaluate voting systems.
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Property Rights And Markets
- The concept encompasses both the rights over material things (to sell my typewriter) as well as 'human' rights (the right to vote, publish etcetera).
- The prevailing system of property rights in the community is, then, the sum of economic and social relations with respect to scarce resources in which individuals stand to each other" (Furubotn, p 3).
- These "sanctioned behavioral relations" include both the formal sanction of legal systems and informal sanctions of social institutions.
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Private Property Rights
- The concept encompasses both the rights over material things (to sell my typewriter) as well as 'human' rights (the right to vote, publish etcetera).
- The prevailing system of property rights in the community is, them, the sum of economic and social relations with respect to scarce resources in which individuals stand to each other.
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Current Issues in Health Care
- Current issues in the U.S. health care system largely revolve around the significant policy changes resulting from the Affordable Care Act.
- This legislation was designed to respond to many flaws in the current U.S. system of healthcare.
- The costs alone, on a per capita basis, underline the way in which the U.S. system has struggled to meet international standards in providing affordable care. illustrates the costs incurred by each individual in the system based on a country to country comparison.
- This map outlines the voting distribution in 2009 when the Affordable Health Care Act was brought to the floor.
- Explain the main parts of the Affordable Care Act and the current American healthcare system
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The Federal Open Market Committee and the Role of the Fed
- They are the only point in the whole system with the unlimited ability to produce money.
- The members of the FOMC meet eight times a year in order to vote on current monetary policies.
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The Labor Movement's Early Years
- Unlike labor groups in some other countries, U.S. unions sought to operate within the existing free enterprise system -- a strategy that made it the despair of socialists.
- Another factor that helped reduce class antagonism is the fact that U.S. workers -- at least white male workers -- were granted the right to vote sooner than workers in other countries.
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A Mixed Economy: The Role of the Market
- The American free enterprise system emphasizes private ownership.
- Such a system is called a market economy.
- For instance, in the United States, government is primarily responsible for the administration of justice, education (although there are many private schools and training centers), the road system, social statistical reporting, and national defense.
- In addition, government often is asked to intervene in the economy to correct situations in which the price system does not work.
- In this mixed economy, individuals can help guide the economy not only through the choices they make as consumers but through the votes they cast for officials who shape economic policy.
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Glossary
- Congress under which it votes within a fixed period on legislation submitted by the president to approve and implement U.S. international trade agreements.
- Fixed exchange rate system: A system in which exchange rates between currencies are set at a predetermined level and do not move in response to changes in supply and demand.
- Floating exchange rate system: A flexible system in which the exchange rate is determined by market forces of supply and demand, without intervention.
- Open trading system: A trading system in which countries allow fair and nondiscriminatory access to each other's markets.
- Socialism: An economic system in which the basic means of production are primarily owned and controlled collectively, usually by government under some system of central planning.
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American Trade Principles and Practice
- The United States believes in a system of open trade subject to the rule of law.
- An open trading system requires that countries allow fair and nondiscriminatory access to each other's markets.
- Generalized System of Preferences program, for instance, seeks to promote economic development in poorer countries by providing duty-free treatment for certain goods that these countries export to the United States; the preferences cease when producers of a product no longer need assistance to compete in the U.S. market.
- But in 2000, the United States repealed a 1974 law that had required Congress to vote annually whether to extend "normal trade relations" to China.
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Morality, Justice and a Stable Society
- Adam Smith (1723-1790) is used to express these ideas here since he is generally regarded as one of the first writers to advocate a system based on morality, markets and law.
- The size of one's family, forms of marriage, responsibility for children or parents, expectations about disposal of wastes, use of resources, obligations to care for less fortunate people, trust, theft, voting, creativity, duty to family (country, etc) attitudes about stewardship, are examples of values that may be generally held by the members of a community.