Democracy is based on_______________?
Correct answer: A. the value of the individual
- A. the value of the individual
- B. rule by the elite
- C. leadership of a charismatic leader
- D. ideal hopes for a future society
Explanation
Democracy rests on the political equality and worth of individuals, giving citizens a role in choosing leaders and shaping public decisions. Rule by an elite or a single charismatic leader conflicts with this foundation.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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