Business & Politics | Definition & Meaning of words

March 16, 2023

Dichotomy – what it is, in science, philosophy, politics, and life. Definition & meaning.

A dichotomy is the opposition of two things that are completely opposite or radically different from each other. The term “dichotomy” comes from the Greek word “dichotomia,” which means “cutting in half”. What is DICHOTOMY — definition and meaning in simple words. In simple terms, a dichotomy is a concept that means to separate or contrast two things […]

March 16, 2023

Constitution – what it is, types, functions, and characteristics. Definition & meaning.

The constitution is the basic and main law of any state; it implies the proclamation and guarantee of the rights and freedoms of citizens. The norms of the constitution also presuppose a description of the social system of the state, the dominant form of government, the methods of territorial organization. The document also describes the process of formation of the […]

March 15, 2023

Monarchy – what it is, types and forms of monarchies. Definition & meaning.

A monarchy is a form of government where the ruler, known as the monarch, holds the ultimate authority and serves as the head of state. The idea of monarchy dates back to ancient times, and the word “monarchy” itself comes from the Greek words “monos” meaning “one” and “arkhein” meaning “to rule”. What is MONARCHY – definition and meaning […]

March 14, 2023

Cryptocurrency — what it is, how it works, and why it is needed. Definition & meaning.

A cryptocurrency is a type of digital or virtual currency that uses cryptography to provide security. It is decentralized, meaning it is not controlled by any government or financial institution. Instead, it works on the basis of a distributed ledger technology called a blockchain. Cryptocurrencies are designed to be fast, secure, and efficient, with low transaction fees and the ability […]

March 11, 2023

Democracy — what is it, and who are democrats. Definition & meaning.

Democracy is a term used to describe a political system of government, an idea, and a concept based on the principles of people’s power. Literally, the word “democracy” means “power of the people” and has Ancient Greek origin, because it was there that the basic ideas of the democratic concept of governance were formed and implemented. What is DEMOCRACY […]

March 11, 2023

Mandate — what is it, types, examples, and significance. Definition & meaning.

A mandate is an authoritative command or instruction issued by a higher authority. It is often used to ensure compliance with rules, regulations, or policies in a particular context, such as in a government, business, or organization. What is a MANDATE — definition and meaning in simple words. In simple terms, a Mandate is a type of command […]

March 10, 2023

Ultimatum – what is it, why it is needed, and how to respond to it. Definition & meaning.

An ultimatum is a demand or proposal made to another party, usually by a more powerful organization or individual, with the expectation of a final decision or action. It is often non-negotiable and carries a sense of urgency, indicating that failure to comply with the demand or proposal will result in serious consequences. The word “ultimatum” is derived from the […]

March 8, 2023

Compromise — what it is, types, forms, and examples. Definition & meaning.

A compromise is an agreement or decision reached between two or more parties that have different views, interests, or goals. A compromise implies that each party makes concessions in order to find common ground and achieve a mutually beneficial outcome. What is COMPROMISE — definition and meaning in simple words. In simple terms, Compromise is a way to […]

March 3, 2023

Diplomacy – what is it, types, forms, role and tasks. Who is a diplomat. Definition & meaning.

Diplomacy is the art of negotiating and managing relations between nations, governments and other international actors. Diplomacy is an important tool for maintaining peaceful relations between countries, ensuring international security and facilitating trade and commerce. Diplomats play a crucial role in this process, acting as the main representatives of their governments and working to build trust, understanding and cooperation with […]