Anarchy

AAA

DEFINITION of 'Anarchy'

The condition of a society with no government. Some people think an anarchist society would result in lawlessness and chaos. Others, such as anarcho-capitalists, believe that private businesses would fill the void of government and provide the services that people need - including those traditionally thought of as essential government functions, like building roads and providing police and fire protection.

INVESTOPEDIA EXPLAINS 'Anarchy'

There is widespread disagreement among anarchists about what an anarchist society would look like. For example, some see it as a completely individualist society; others view it as a completely collectivist society. An overarching characteristic of anarchy, however, is that the people govern (or fail to govern) themselves. There is no political group in charge of making decisions for the masses. A potential problem with anarchy is that legal protection is not provided for patents, personal businesses or even corporations.

RELATED TERMS
  1. Capitalism

    A system of economics based on the private ownership of capital ...
  2. Marxism

    A social, political and economic philosophy that examines the ...
  3. Karl Marx

    A philosopher and economist famous for his ideas about capitalism ...
  4. Labor Productivity

    A measurement of economic growth of a country. Labor productivity ...
  5. Economics

    A social science that studies how individuals, governments, firms ...
  6. Factors Of Production

    An economic term to describe the inputs that are used in the ...
Related Articles
  1. Economics

    Can The IMF Solve Global Economic Problems?

    The IMF is an important tool to help struggling countries, but it's not without its problems.
  2. Economics

    The Economics Of Labor Mobility

    Loosening labor restrictions has both good and bad effects for a country and its workers.
  3. Economics

    Sanctions Between Countries Pack a Bigger Punch Than You Might Think

    In response to Russia's annexation of Crimea, in March 2014 the West slapped sanctions on dozens of Russian hotshots. So what, you ask? Well, sancitons can pack a bigger punch than you might ...
  4. Economics

    How Economic Reality Influences The Market

    The market is confusing enough. But when you consider how economic reality can influence market prices, it's downright baffling.
  5. Fundamental Analysis

    Hamburger Economics: The Big Mac Index

    In theory, PPP stands up much better than it does in reality. Find out how to evaluate currencies according to the price of a Big Mac.
  6. Fundamental Analysis

    Vital Link: Manufacturing And Economic Recovery

    Manufacturing output is one of the clearest signs that an economy is recovering from a recession.
  7. Savings

    4 Ways To Weather An Economic Storm

    Keeping a cool head and sticking to a plan during an economic slump is vital to financial stability.
  8. Economics

    The Nash Equilibrium

    Nash Equilibrium is a key concept of game theory, which helps explain how people and groups approach complex decisions. Named after renowned mathematician John Nash, the idea of Nash Equilibrium ...
  9. Investing Basics

    The Basics Of A Financial Analysis Report

    Running financial analysis on a company or industry is a key skill every investor must learn and understand how to undertake without which an ineffective financial report and investment recommendation ...
  10. Economics

    How Education And Training Affect The Economy

    Education and training benefit not only the worker, but also the employer and the country as a whole.

You May Also Like

Hot Definitions
  1. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  2. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  3. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  4. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  5. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  6. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
Trading Center