Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
7 Cards in this Set
- Front
- Back
9. Democracy
|
Government system in which ultimate control of government rests in hands of the governed through electoral processes; can be direct/pure or representative/republican
|
|
10. Monarchy
|
government form in which a hereditary king/queen, not an elected body, has governing power
|
|
11. Dictatorship
|
One of the two basic forms of government on earth; absolute ruler holds power by military force or threat of military force
|
|
12. Communism
|
Government/Economic system in which the government owns land, resources, and means of production “in trust” for the people and makes all economic decisions.
|
|
16. Traditional economy
|
Economic system in which people grow their own food and make their own goods; not muchcommerce
|
|
17. Market economy
|
Economic system based on private ownership of businesses, free trade, and competition
|
|
18. Command economy
|
Economic system in which the government owns ALL land, resources, and businesses and makes all economic decisions. The government “commands” what economic activities will occur.
|