Governmental Authority

Authoritarian Society
An authoritarian society is characterized by the existence of governmental authority over numerous phases of human conduct while lacking approval by the people for governmental action. It is distinguished from a totalitarian society, which covers all phases of human conduct.
License
A grant of permission or privilege, whether by private individuals or governmental authority, that legalizes the performance of specific activities. In property law, a license is a personal, revocable privilege concerning land use.

Accounting Terms Lexicon

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