European Union (EU)

The European Union (EU), as the name indicates, is an assortment of 28 European nations having common social, security and economic policies. Headquartered in Brussels, Belgium, the EU is not one big country (unlike the United Kingdom) or continent. The member countries are independent but must cede to EU agreements. Set up in 1993, the […]

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Federalism

Federalism is a form of governance as per which multiple governments exercise shared control or power over a region. The constitution of the particular country/state bestows these powers on both governments. In other words, federalism is when a country has a government at the centre and separate sub-governments for its different regions (states or cities), […]

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Monetary Policy

Monetary policy refers to the measures adopted by a country’s central bank or currency board to control money supply (cash, checks, credit, mutual funds, etc.) within its economy by lowering or increasing interest rates; determining the minimum amount of funds banks must have in their vaults; and trading government securities such as bonds, bills and notes […]

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Fiscal Policy

An element of macroeconomics, fiscal policy refers to the taxation and expenditure policies a government adopts and implements. In other words, the policy helps a government decide how much money it should spend (on roads, schools, etc.) and the sum it must collect from its citizens through taxes – so that the economy is in […]

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First Lady

First Lady is a term used to address the wife of a non-monarchical or elected official such as governor or president. All American presidents are given the “first lady” unofficial title. The honorable title is also bestowed upon women who’ve done remarkably well in a specific field. A first lady is, therefore, someone with great […]

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