Goverment Flashcards
explain Monarchy
led by a monarch who holds supreme authority, often inheriting the position. There are 2 types: constitutional (where powers are limited by a constitution) and absolute (where the monarch has unrestricted authority).
explain communism
Communism wants communal ownership of wealth and property, aiming for a classless society. It historically struggled with efficiency and incentive issues. their economic system communism centralizes production and distribution under state control, striving for equal access but often at the expense of efficiency and variety.
explain democracy
Citizens elect representatives. this is founded in equality in rights and opportunities for everyone.