govt. in which citizens hold power directly or through elected representatives
leader rules with military backing (Cuba)
small group has all power, socialist ideas based primarily on economy (Cuba)
economy in which goods and services are traded without exchanging money
govt. controls all economic decisions (planned economy)
nationalize an industry
govt. takes over and owns industry (Venezuela)
consumer demand controls (USA)
combination of command and market economies
materials in or on the earth with economic value (Trees, fish, coal, petrol...)
can be replaced through natural processes (trees, seafood)
can't be replaced once removed (petrol, oil, natural gas, coal)
used for making power, result of solar or planetary processes. Unlimited. (Wind, solar power, Tides)
Please allow access to your computer’s microphone to use Voice Recording.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Your microphone is muted
For help fixing this issue, see this FAQ.