Early Concepts Flashcards
What is the defintion of history
the INTERPRETATION of AVAILABLE information and artifacts of ancient and medieval times
What percentage of artifacts have we found?
less than 3%
Know the 3 types of political systems
Democratic (Republic, Democratic-Republic, Direct), Totalitarian (Dictatorship, Oligarchy, Theocracy, Fascism), & Traditional (absolute, constitutional)
Democratic advantages
most political citizens; have a voice; fair
Democratic disadvantages
slow
Totalitarian advantages
stability and very fast
Totalitarian disadvantages
have a bad leader (not fit to rule)
Traditional advantages
stable
Traditional disadvantages
bad ruler
Know the 3 types of economic systems
Market (consumer-driven), Command (socialism, communism), & Traditional (inherit role in ecomomy)
What (who) is a political citizen?
someone who particpates in the political proccess
What type of political system has the most political citizens?
Democracy
What are the 3 types of resources?
human, natural, capital (manmade; money)
What does “guns vs. butter” mean?
GUNS = military spending BUTTER = domestic spending
What questions does an economic system address?
What goods to produce? Who will produce what goods? How will resources be used?