Unit 1 Vocab Flashcards
combines elements of capitalism and socialism
mixed economy
national and state govt. share power
federal system
community with organized govt. in a territory
state
all economic decisions made by gov
communist state
state exists the serve their people
social contract theory
right and responsibility of citizenship
voting
one person inherits throne & heads the state
monarchy
food stamps or rent subsidies
economic assistance
the people rule directly or through representatives
democracy
united by bonds of race, language, customs
nation
capitalists who own means of production
bourgeoisie
to let alone. adam smith’s economic approach
laissez-faire
power held by a few people or one political party
oligarchy
constitution places limits on powers of those who govern
constitutional gov
threat of violence allows gov work to get done
force theory