Test 1 - Government, Enlightenment, Economy Flashcards
Dictatorship
Maintain authority by force
Uses fear
Achieve change by revolution
Theocracies
Led by religious leader using divine authority
God has all the power, god has no limits
May be legislative body
Typically not elections
Parliamentary democracy
Executive leaders are responsible to the legislature
Represent the people
No clear separation of power
Elections
No judicial mentioned
Presidential democracies
United States
Absolute monarchies
Monarchs control everything
Royal blood line
Constitutional monarchy
Headed by monarch
May have parliament
Divine right, royal blood line
Elections to elect nobles, legislative body or advisory body
Traditional economy
Self sustaining
Questions are answered by custom and religious beliefs
Everything is based off of what their ancestors again
Most people are farmers
Sometimes privately owned
Command economy
Controlled by government
No freedom of enterprise
Economic questions go to a small group of people
Parallels communism
Karl Marx
Born in Germany
Exiled
Created ideas of communism
Market economy
Controlled by privately owned businesses
Motivators:
1. Profit
2. Competition
3. Supply and demand
Capitalism
Freedom of choice
Private ownership and control of property
Free enterprise
Competition among businesses
Possibility of profit
Origins of capitalism
Developed from early modern Europe
Motivation:
Work for money
Wealth used aggressively
Adam smith- wealth of nations
Laissezz-faire- government should not interfere with government
Mixed economy
Majority of economies
Mixed of market economy and common economy
Socialism, government makes most decisions regarding industry and manufacturing
Ensures job security and fair wages
Controls education system and means of production
