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13 Cards in this Set
- Front
- Back
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Unitary system
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gives all key powers to the national or central government
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Federal system
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divides the power of government between the national government and state or provincial governments
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Autocracy
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any system of government in which the power and authority to rule belong to a single individual is an autocracy
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Monarchy
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is another form of autocratic government
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Oligarchy
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is any system of goverenment in which a small group holds power
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Democracy
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is any system of government in which leaders rule with the consent of the citizens
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Traditional economy
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the habit and custom determine the rules for all economic activity
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Market economy
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individuals and private groups make decisions about what to produce
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Mixed economy
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is one in which the government supports and regulates free enterprise through decisions that effect the marketplace
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Command economy
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the government owns or directs the means of production
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Natural resources
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elements from the Earth that are not made up by people
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Industrialization
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economic activities
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Developed countries
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countries working toward greater manufacturing and technology
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