Government & Economy
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Created by:
nbdougherty on June 26, 2012
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14 terms
Terms | Definitions |
|---|---|
 COMMAND ECONOMIC SYSTEM | The government controls all aspects of the economy. What is produced, how it is produced and what jobs citizens have. |
| MARKET ECONOMIC SYSTEM | Citizens can have their own business and price is decided by supply and demand. |
| MIXED ECONOMIC SYSTEM | Government controls some parts of the economy and citizens can have their own businesses. |
| TRADITIONAL ECONOMIC SYSTEM | Economy is passed down generation to generation. Examples include subsistence farming and nomadic herding |
| LIMITED GOVERNMENT | Governments that have rules in place so that the power of the rulers is limited. |
| UNLIMITED GOVERNMENT | Governments that have NO rules in place so rulers can do whatever they want. |
| DICTATORSHIP | One man ruler, usually a military general who runs the government and has unlimited power. |
| FEDERAL REPUBLIC | Strong national government, state governments, has three branches, Legislative, Executive and Judicial |
| CONSTITUTIONAL MONARCHY | Has a king/queen, Parliament that is elected by the people and a Prime Minister. |
| ABSOLUTE MONARCHY | King or Queen has absolute power and can do whatever they want. |
| THEOCRACY | Pope has absolute power and can do whatever he wants. |
| COMMUNISM | Government controls all parts of government and society. |
| REPRESENTATIVE DEMOCRACY | Limited government where citizens vote for those people they want to represent them in government. |
| PARLIAMENTARY DEMOCRACY | King/Queen, Parliament elected by the people and Prime Minister elected by the Parliament. |
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