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Autocracy government in which a single person holds unlimited political power. Oligarchy government in which the power to rule is held by a small, usually self-appointed elite. Unitary Government Often described as a centralized government. Federal Government one in which the powers of government are divided between a central government and 7 local govt. Division of Powers basic principle of federalism (between National and State) Confederation an alliance of independent states. Presidential Government separation of powers between the executive & Legislative branch of govt. Parliamentary Government the executive is made up of the prime minister or premier and that official's cabinet Compromise in order to find the position most acceptable the largest number. Free Enterprise System American economic system. Law of Supply and demand states when supplies of goods and services become plentiful, prices tend to drop. Mixed Economy an Economy in which private enterprise exists in combination with considerable amount if government regulation and promotion.