Dictionary

labor union: An organized group that represents its individuals to ensure fair wages and benefits through arbitration, financial support and lobbying.

laissez-faire: Meaning "hands off" in French, this practice implies no government interference in private businesses beyond what is understood by law.

liberal: A term that includes such meanings as open-mindedness, a desire to favor reforms and a tolerance toward non-traditionalist views.

lobbying: The act of promoting an agenda that will result in some specified reform, usually at a government level.

lobbyist: An individual representing a group or cause who may have influence with politicians in furthering specific interests.

macroeconomics: A broader view of economical issues that corporations and government leverage for strategical growth.

Marxism: The political interpretations of the works and beliefs of Karl Marx and Friedrich Engels that, in theory, maintained a strong belief in the powers of the working class.

Metrosexual: A heterosexual male who is acutely aware of appearance and upholds that image through clothing and personal grooming.

midterm election: An election that is held in between the Presidential term - at the two-year mark - for House of Representative and U.S. Senate seats as well as appointments at local and state levels.

militant: An individual who engages in violent or overtly aggressive actions, both verbally and physically, on behalf of a cause.

militia: An official or citizen-based group engaged in defense of any entity and, in some cases, organized as the opposition.

minimum wage: In most countries, the lowest salary range that any employee may earn as determined by law.

moderate: Often a person who takes a middle-of-the-road approach on issues, but can also hold stances that on some points can be liberal and others are conservative.

nationalism: A strong belief in one's own nation.

oligopoly: The domination of a few companies, usually within specific industries.