Concepts Flashcards
Capitalism
an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
Communism
a socioeconomic system structured upon common ownership of the means of production and characterized by the absence of social classes, money, and the state; as well as a social, political and economic ideology and movement that aims to establish this social order.
Fascism
an authoritarian and nationalistic right-wing system of government and social organization.
Nazism
Like fascism. Promotes racism and hatred towards certain social classes and groups.
Socialism
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
Authoritarianism
a form of government characterized by absolute or blind obedience to authority, as against individual freedom and related to the expectation of unquestioning obedience.
Totalitarianism
The state holds total authority over the society and seeks to control all aspects of public and private life wherever possible.
Autocracy
a system of government by one person with absolute power.
Theocracy
a system of government in which priests rule in the name of God or a god
Monarchy
a form of government with a monarch at the head.
Republic
a state in which supreme power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch.
Oligarchy
a small group of people having control of a country, organization, or institution.
Liberal Democracy
a form of government in which representative democracy operates under the principles of liberalism, i.e. protecting the rights of the individual, which are generally enshrined in law.
Social Democracy (Socialism)
a socialist system of government achieved by democratic means.
Federalism
A system of government in which power is divided between a national (federal) government and various regional governments.