Affirmative action aims to reverse historical trends of discrimination against individuals with certain identities.
Provides financial assistance to groups that have historically experienced and continue to experience forms of discrimination.
Politicians often impose hiring quotas, provide grants and scholarships, and may deny public funding and contracts to institutions that do not follow policy guidelines.
Affirmative action now includes helping gender representation, people with disabilities, and protected veterans.
Criticism of affirmative action highlights the high cost of the program, the hiring of fewer qualified applicants, and the lack of historical progress towards equal representation.
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.