Ch.4 Sections 3-4 Flashcards
What is a unitary system?
Gives all power to the central government. Sometimes they create state governments.(UK, France)
What is a federal system?
Divides power between state a national government(USA)
What is autocracy?
Ruled by one person. The oldest and most common
What is a totalitarian dictatorship? What are three examples of this?
Desire to control everything; Hitler-nazi Germany, Mussolini-France, Stalin-Russia
What is an absolute monarch?
Complete and total rule of people-unlimited power(Saudi Arabia)
What is a oligarchy?
Rule by a group of people(communists parties-China)
What is democracy and what Greek word does it come from?
Rule by the people; “demos-people kratia-rule”
What us direct democracy?
No longer exists and it’s where people decide by very voting directly
What is a republic?
Where the people elect others to represent us with limited terms(US)
What are the three decisions in economic systems?
1) what and how many goods and what services should be produced
2) how many goods should be produced
3) who gets the goods and services produced
What is a traditional economy?
Based on habits and customs not consumer preferences
What is market economy?
Individuals and private groups make decisions about what to produce. People choose what to buy and businesses sell items based on consumer preferences
What is a mixed economy?
It’s where the go verdant supports and regulates free enterprise
What is the goal of mixed economy?
Keep competition fair and have free entry
What is a command economy?
Government owns or directs the means of production and controls the distribution of goods; looks good on paper, has been bad on practice so far