"Cracys" Flashcards
Capitalism
Private business own and control property and supply to their interests. The main goal is to make a profit
Communism
All property is publicly owned and each person works and is paid according to their ability. There is no class system and everyone is equal
Socialism
Major industries are owned by workers. There is no private property
Aristocracy
A small group of elite nobles are in charge
Autocracy
One person with absolute power
Bureaucracy
Decisions are made by non-elected officials
Democracy
Power is vested in the people, who elect lawmakers and officials
Plutocracy
Ruled by the wealthy
Gerontocracy
ruled by old people
Stratocracy
Governed by the military
Meritocracy
Power is based on ability or skill
Kakistocracy
Ruled by the least competent people possible
Ochlocracy
Government by a mob
Technocracy
Society is run by technology and scientists
Kleptocracy
The ones in power seek personal gain from the ones they govern