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28 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What are the four types of economy? |
Traditional, command, market, and mixed |
Government Involvement |
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What is a traditional economy? |
Goods and services are traded without the exchange of money. (No taxes) Government Involvement: None |
No government Involvement |
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What is a command economy? |
Production of goods and services is determined by a central government, which usually owns the means of production. Production doesn’t necessarily reflect the consumer demand. Government Involvement: A lot (Communism) |
Communism |
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What is a market economy? |
Production of goods determined by consumers. Government Involvement: Not a lot (Capitalism) |
Capital Idea (gossip from the market) |
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What is a mixed economy? |
A combination of command and market economies (everyone benefits) Government Involvement: Mixed (Socialism) |
Socialism |
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Democrats tend to take you further to _________. Republicans tend to take you further to _________. |
Democrats: command economy and communism Republicans: market economy and capitalism |
Fish or fishing pole |
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What does the First Lady do? |
She has no extra political power, but tends to do services to people around the country |
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How and why do people divide themselves into political units? |
How-> what you believe in is the biggest factor, but it is also limited to which parties and ideas will be recognized Why-> we divide ourselves mostly so we can be represented in political stuff, but also to be represented and accommodated for when we have a problem |
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How do the people in the highest form of government in America keep the power distributed evenly? |
They use Checks and Balances to check each other and balance it out. |
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Why do we divide ourselves into smaller and smaller sections of land and people? |
As you get smaller, more centralized areas, the problems and opinions in that area are better remembered and fixed. As you get bigger, respect and business deals get more and more present. |
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What are the five types of government? |
Democracy, monarchy, constitutional monarchy, dictatorship, and communism, |
Power |
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What is a democracy? |
Citizens hold political power, either directly or through elected representatives. |
USA |
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What is a monarchy? |
A ruling family headed by a king or queen who holds political power and may or may not share with citizens. |
Kings and Queens |
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What is a constitutional monarchy? |
Citizens hold political power, either directly or through elected representatives, but a member of a royal family represents the country. |
England |
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What is a dictatorship? |
An individual or group holds complete political power. |
Mwahhahaha |
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What is communism? |
Nearly all the political power and means of production are held by the government in the name of the people. |
Command economy |
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Political freedom=______________ No political freedom=___________ |
Economic freedom No economic freedom |
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What type of economy is a democracy? Where is it demonstrated? |
Market or mixed USA and Europe |
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What type of economy is a monarchy? Where is it demonstrated? |
Command, mixed, or traditional Europe, Middle East, and south east Asia |
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What type of economy is a constitutional monarchy? Where is it demonstrated? |
Mixed Canada, Europe, Middle East, Japan, and Australia |
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What type of economy is a dictatorship? Where is it demonstrated? |
Command, mixed Middle East, Latin America, Africa, and Asia |
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What type of economy is communism? Where is it demonstrated? |
Command China, North Korea, Cuba, Vietnam, and Africa |
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What are the four levels of economic activity? |
Primary, secondary, tertiary, and quaternary |
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What is primary economic activity? |
Gathering raw materials: rancher, farmer, fisherman, etc. |
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What is secondary economic activity? |
Adding value to raw materials: milling, slaughtering, etc. |
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What is quaternary economic activity? |
Highly trained research: doctors, surgeons, etc. |
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Are you smiling? |
No, but I know I should be :) |
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What is tertiary economic activity? |
Goods and services: teachers, police officers, etc. |
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