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15 Cards in this Set
- Front
- Back
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Democracy |
A system of government in which citizens exercise supreme power, acting either directly on their own or through elected representatives. |
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Monarchy |
A system of government in which one ruler exercises power based on heredity or divine right. |
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Dictatorship |
A system of government in which a single person or group exercises supreme power by controlling the military and police. |
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Parliament |
A legislative assembly in which elected representatives debate and vote on proposed laws. |
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Socialism |
An economic system that calls for public ownership of the means of production. |
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Communism |
A system of government in which a single political party controlls both the government and economy. |
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Capitalism |
An economic system in which individual investors, or capitalists, privately own the means of production. |
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Republic |
A nation in which supreme power rests with the citizens and is exercised by elected representatives. |
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Market Economy |
An economic system that relies mainly on markets to determine what goods and services to produce and how to produce them. |
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Traditional Economy |
An economic system in which decisions about what to produce and how are made on the basis of customs, beliefs, and tradition. |
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Command Economy |
An economic system that relies mainly on the central government to determine what goods and services to produce and how to produce them. |
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Totalitarian Government |
An extreme form of authoritarianism rule in which the state seeks to control every aspect of its citizens' lives. |
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Despot |
A tyrant or ruler with absolute powers. |
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Theocracy |
A government headed by religious leaders. |
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Mixed Economy |
An economic system that combines market and command economies. |
