Political power_______________?
Correct answer: B. is power exercised by the state through its government
- A. appears only in capitalistic societies
- B. is power exercised by the state through its government
- C. characterizes all dictatorships
- D. belongs to a ruler in democratic regimes
Explanation
Political power is the capacity of the state, operating through government institutions, to make and enforce collectively binding decisions. It is not limited to capitalist systems, dictatorships, or individual rulers.
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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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