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6 Cards in this Set

  • Front
  • Back
Capitalism
A type of economy where business is owned by private companies and investors and there is a never ending competition.

An example: USA
Socialism
A type of economy where everything is owned and regulated by the masses.

Example: Communist countries
Direct Democracy
A type of government where people in positions of power are elected by the masses directly
Indirect Democracy
A type of government where people in positions of power are elected by representatives of the people
Unitary
A type of government where everything is governed by one central government.

Example: Ukraine
Communism
A type of Socialist government where everything is owned by the people (aka government) and everybody is paid the same amount no matter what job they do.