Anarchy

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.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. Gross Debt Service Ratio - GDS

    A debt service measure that financial lenders use as a rule of thumb to give a preliminary assessment about whether a potential borrower is already in too much debt. Receiving a ratio of less than 30% means that the potential borrower has an acceptable level of debt.
  2. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  3. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  4. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  5. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  6. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
Trading Center