sanction

(noun)

A penalty, or some coercive measure, intended to ensure compliance; especially one adopted by several nations, or by an international body.

Related Terms

  • Self-sufficiency

Examples of sanction in the following topics:

  • Microeconomics

    • A sense of community where expectations and social sanctions may enforce the reciprocal obligations may substitute for trust.
    • Trust, social institutions and legal sanctions may be used to enforce the terms of market exchanges.
    • Theft is the taking of property rights through methods not sanctioned by society.
  • National Security Argument

    • Indeed, economics is often used directly as a weapon of war and conflict via trade sanctions.
    • Sanctions also play a dramatic role as an offensive militaristic maneuver.
    • This graphic underlines the indirect consequences of employing economic levers (i.e. sanctions) in a militaristic fashion during a conflict.
  • Property Rights And Markets

    • "Property rights are understood as sanctioned behavioral relations among men [sic] that arise from the existence of goods and pertain to their use.
    • These "sanctioned behavioral relations" include both the formal sanction of legal systems and informal sanctions of social institutions.
  • Private Property Rights

    • Property rights are understood as sanctioned behavioral relations among men [sic] that arise from the existence of goods and pertain to their use.
    • Secondly, it implies these claims are sanctioned by social institutions and are social in character.
    • Respect for others and social sanctions are important determinants of property rights.
  • American Trade Principles and Practice

    • There is nothing new about the United States imposing trade sanctions to promote political objectives.
    • Americans have used sanctions and export controls since the days of the American Revolution, well over 200 years ago.
  • Introduction to Foreign Trade and Global Economic Policies

    • On top of that, the end of the Cold War saw Americans impose a number of trade sanctions against nations that it believed were violating acceptable norms of behavior concerning human rights, terrorism, narcotics trafficking, and the development of weapons of mass destruction.
  • Cooperation, Competition and Conscription

    • A behavior that is not sanctioned by the community (e.g. theft, murder, or even stating an idea that is not shared by others, etc) may be result in the individual being ostracized and expelled from the community, the result being death.
    • If a government (a formal social institution for allocating power and decision making authority in a community) uses sanctions to force behavior or choice it is clearly coercion and conscription.
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