Democrats

Definition

Democrats are members of the Democratic Party, one of the two major political parties in the United States. They generally advocate for policies that promote social equality, environmental protection, and government intervention in the economy to address issues like healthcare and education.

5 Must Know Facts For Your Next Test

1. Democrats typically support progressive taxation and increased government spending on social programs.
2. They often endorse regulations aimed at protecting consumers, workers, and the environment.
3. In macroeconomic policy, Democrats may favor fiscal stimulus to boost economic growth during downturns.
4. Democratic policies generally emphasize reducing income inequality through measures like raising the minimum wage.
5. They are usually proponents of expanding access to healthcare through public options or reforms.

Review Questions

• What are some typical economic policies supported by Democrats?
• How do Democrats generally approach macroeconomic matters like fiscal stimulus?
• In what ways do Democrats aim to address income inequality?

Related terms

Fiscal Policy:

Government adjustments in spending levels and tax rates to influence a country's economy.

Progressive Taxation: A tax system where the tax rate increases as the taxable amount increases.

Income Inequality: The unequal distribution of household or individual income across various participants in an economy.