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13 Cards in this Set
- Front
- Back
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Unitary System
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A govt. in which all key powers are given to the national or central govt.
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Federal System
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Form of govt. in which powers are divided between the national govt. and the state or provincial govt.
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Autocracy
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govt. in which one person rules with unlimited power and authority
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Monarchy
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A form of autocracy with a hereditary king or queen exercising supreme power
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Oligarchy
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system of govt. in which a small group holds power
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Democracy
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any system of govt. in which leaders rule with consent of the citizens
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Traditional economy
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A system in which tradition and custom control all economic activity; exists in only a few parts of the world today
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Market Economy
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an economic system based on free enterprise, in which businesses, are privatley owned, and production and prices are determined
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Mixed Economy
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a system of resource management in which the govt. supports and regulates enterprise through decisions that affect the marketplace
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Command Economy
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system resource management in which which decisions are made
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Natural Resources
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substance from the earth that is not made by humans but can be used by them
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Industrialization
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transition from an agricultural society to on e based on industry
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Developed countries
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country that has a great deal of technology and manufacturing
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