Government and Economic Systems
Terms in this set (12)
A type of government where citizens elect people to represent their viewpoint in a democratic government. This is how the U.S. government operates.
A type of government where all citizens participate in the decisions of a country. (Most countries are too large for this to work effectively)
A system of government in which the written law (constitution) is the supreme ruler. No person or group is above the law.
A type of government where a King & Queen hand power down through a family lineage. Today, even the King and Queen must follow the law so they are no longer the supreme rulers.
A type of government in which one person takes complete control of the country and is the supreme leader. This person usually takes control by military force.
A type of government where a religious leader is in control and uses a religious text to guide political and economic decisions.
A temporary state of no government or law enforcement.
A government in which a few people make decisions on behalf of the country. These people are usually rich, educated, elite members of society.
An economy based on tradition where barter and trade are used to exchange goods. Usually, these societies are based on agriculture.
An economic system where consumers dictate what is produced and the price of products based on supply and demand. The government interferes only when necessary. (Also called Free Market or Capitalism)
An economic system that attempts to promote fairness and equality by having the government control what is produced and its price. Businesses don't operate for profit. Communist countries historically have been ruled by strict dictators.
Almost all economies today are ________ __________, blending a balance of freedom and government involvement.