Vocab #1

Question 1

Nation

Answer 1

A sizable group of people who believe themselves united by common bonds of race, language, custom, or religion.

Question 2

State

Answer 2

A political community in a precise territory.

Question 3

Sovereignty

Answer 3

A government makes and enforces its own laws without approval from any other authority.

Question 4

Nation-State

Answer 4

The territories of both the nation and the state coincide.

Question 5

Federalism

Answer 5

A system where power is divided and shared between the national government and state government.

Question 6

Politics

Answer 6

The effort to control or influence the conduct of government.

Question 7

Social contract

Answer 7

Theoretical agreement between the people and their government, where citizens give up some of their freedoms in exchange for the governments protection of their natural rights and maintenance of social order.

Question 8

Oligarchy

Answer 8

A form of government where a small group of people hold power, essentially meaning “rule by a few”

Question 9

Democracy

Answer 9

A system of government where the people hold power, either by ruling directly or through elected representatives; essentially, “rule by the people”

Question 10

Republic

Answer 10

A form of government where the people hold power but elect representatives to exercise that power on their behalf.

Question 11

Economics

Answer 11

The study of how societies produce, distribute, and consume goods and services.

Question 12

Capitalism

Answer 12

A free market economic system where individuals have freedom of choice and are motivated by personal incentives, with competition among buyers and sellers playing a key role in setting prices.

Question 13

Free market

Answer 13

An economic system in which prices are determined by unrestricted competition between privately owned businesses.

Question 14

Bourgeoisie

Answer 14

Own the means of production and use their economic power to oppress the proletariat, or workers.

Question 15

Proletariat

Answer 15

Workers/working class regarded as a group.

Question 16

Socialism

Answer 16

And economic system where the government controls the primary means of production, distributing products and wages, and providing social services like education, healthcare, and welfare

Question 17

Communism

Answer 17

A political/economic system where the means of production are owned communally, eliminating private property and aiming to create a classless society, with all economic decisions made by the government at the highest levels and distributed downward to managers.

Question 18

Corporatism

Answer 18

Economic corporatism based on social partnership between the interests of capital and labour.

Question 19

Fascism

Answer 19

A system that typically uses force to prioritize the nation over the individual.

Question 20

Command economy

Answer 20

Economic system where the government controls all aspects of production, including what goods are produced how much is produced, and all the prices at which they are sold.

Question 21

Mixed Economy

Answer 21

Economic system that combines both capitalisms private enterprise and socialisms government control. Some industries are controlled by private businesses while others are regulated or owned by the government.

Question 22

Faction

Answer 22

A small organized dissenting group within a larger one.

Question 23

Autocracy

Answer 23

A form of government where a single ruler holds absolute power, meaning one person has complete control over decision-making and citizens have minimal to no participation in government affairs. (Monarchy, Dictatorship, or Totalitarian regime)