Chapter 4 Government Flashcards
Is a political system in which the government owns all property and dominates all aspects of life in a country
Communism
Is a system based on private ownership ,free trade and competition
Market economy
Is a system in which the central government makes all economic decisions
Command economy
A country that is ruled by a monarch such as a king or queen
Monarchy
Rule by a Didactor , rule , control or leadership by a person with total power
Didactorship
Is the value of all goods and services produced within a country in a single layer
Gross domestic product
Countries with strong economies and high quality of life
Developed countries
Countries with less productive economies and a lower quality of life
Developing countries
Is a form government in which the people elect leaders and rule by majority
Democracy