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7 Cards in this Set

  • Front
  • Back
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
Monarchy
Government from in wich a heredity
Dictatorship
One of the two basic forms of government on earth; absolute ruler holds power by military force or threat of military force
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.
Traditional economy
Economic system in which people grow their own food and make their own goods
Market economy
Ecanomic system in wich people grow thier own food and make thier own goods, not much commurse
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.