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6 Cards in this Set
- Front
- Back
Capitalism
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A type of economy where business is owned by private companies and investors and there is a never ending competition.
An example: USA |
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Socialism
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A type of economy where everything is owned and regulated by the masses.
Example: Communist countries |
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Direct Democracy
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A type of government where people in positions of power are elected by the masses directly
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Indirect Democracy
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A type of government where people in positions of power are elected by representatives of the people
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Unitary
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A type of government where everything is governed by one central government.
Example: Ukraine |
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Communism
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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.
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