Government

Business, Legal & Accounting Glossary

Definition: Government



What is the dictionary definition of Government?

Dictionary Definition


  1. The body with the power to make and/or enforce laws to control a country, land area, people or organization.
  2. grammar, linguistics The relationship between a word and its dependents
  3. A group of people who hold a monopoly on the legitimate use of force in a given territory.

Full Definition of Government


government is an organized ruling structure for a political group. Governments are necessary to institute policy, rules, law, regulations, and mediation in communities. Governments are necessary to establish physical security for its people (through military and defence organizations). Governments also seek to ensure economic stability and livelihoods for their people via commerce, trade and/or government subsidy.

Governments can be on national, regional or local levels. Different types of governments support economic endeavours, entrepreneurship and economic growth in different ways, and to different degrees. Some known types of governments include democracy, dictatorship, and monarchy. A government is responsible for ensuring the social welfare of its people and also for providing gainful employment and educational opportunities. Governments are also responsible for coordinating and cooperating with international agencies to work towards global peace, progress and development.

Democracy

In a democratic form of government, power lies with people who elect political parties or representatives to run a nation’s affairs. In a democracy, elections are conducted on a periodic basis to elect government representatives. An operational democracy is indicative of a nation’s freedom.

Dictatorship

In a dictatorship, all powers of a government rest with a dictator. In the dictatorial form of government, incredible and supreme powers are vested with an individual and more often than not, it leads to negative situations.

Monarchy

In a monarchy, an individual, a king or queen, gets to rule a nation, with supreme authority and unlimited powers. A king or queen usually belongs to a family dynasty who have been acting as rulers of land for years together.


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Government. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/government/ (accessed: October 30, 2020).
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Government. PayrollHeaven.com. Retrieved October 30, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/government/

Definition Sources


Definitions for Government are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th March, 2020 | 7 Views.