Gummint financial definition of Gummint
government (redirected from Gummint)
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government the primary decision-making body in a nation state responsible for national defence, maintaining law and order, etc. Government's economic role in the state depends upon the socio-political system the country has adopted, the two extremes being a CENTRALLY PLANNED ECONOMY and a PRIVATE ENTERPRISE ECONOMY. In the former case, governments play an all-embracing role, often owning most economic resources and determining what products to produce. In the latter case, where resources are held privately and markets are the main mechanism for allocating resources, governments play a more restricted role, merely influencing the general level of economic activity through DEMAND MANAGEMENT policies and redistribution of income and wealth. See MIXED ECONOMY, GOVERNMENT ( PUBLIC) EXPENDITURE.
References in periodicals archive
The property rights movement always did shade gradually from folks who sound just like every grump you've ever heard grousin' about the goddamn gummint
to total fruitcakes.
Just don't let the gummint
or the insurance companies run, er, ruin it.
Why does damn gummint
become the whipping boy when it is corporations that are down-sizing, laying off workers, making them temps, and canceling their fringe benefits?