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7 Cards in this Set
- Front
- Back
Democracy
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Government system in which ultimate control of government rests in hands of the governed through electoral processes; can be direct/pure or representative/republican
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Monarchy
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Government from in wich a heredity
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Dictatorship
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One of the two basic forms of government on earth; absolute ruler holds power by military force or threat of military force
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Communism
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Government/Economic system in which the government owns land, resources, and means of production “in trust” for the people and makes all economic decisions.
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Traditional economy
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Economic system in which people grow their own food and make their own goods
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Market economy
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Ecanomic system in wich people grow thier own food and make thier own goods, not much commurse
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Command economy
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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.
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