Posted inEconomics

Public Debt | Definition, Features, Types & Effects

The public debt is the total amounts of debts by the State or a Country to another Country or Organizations which have accumulated with the passage of different governments and which have been requested in order to obtain greater financial resources.
Advantages and Disadvantages of Feudalism
Posted inGovernment & Politics Pros & Cons

Advantages and Disadvantages of Feudalism

Feudalism can be defined as the identification of landed property with sovereignty - sovereignty over a parcel of land which becomes a private hereditary possession and an asset to the family. The king on receiving his fief or feud (feudalism) or estate was entrusted with sovereignty over all persons living on it. He became their law-maker, their commander and the judge.
Posted inGovernment & Politics

Power (Political Power) – Definition, Types & Sources

In simple terms, power means ability to rule. It is the ability to change or affect the behaviour or actions of another in the way one likes. For example, power is the ability of Mr A to compel Mr B to do something, which Mr B would ordinarily not want to do. Thus, in defining power, the word 'ability' is very important.