Unit 1 Review Gov 23-24

No lmit to the aount of property owned by individuals/business

Supply & Demand

Deity is the head of state

No checks or balances

A rule of a few people or families

Limited income for citizens

Enforcing the will of god on the people

No freedom of speech

Pursuing both national and liberal ideas

Leader ship claims descendency from a diety

Wide variety of products

Pursuing national glory is the highest focus

Paying taxes in exchange for protection

Some characteristics of command economy

No term limits with handpicked or inherited leaderhsip

A writen guarantee of the government

Minimizes the disadvantages of a market economy

Hopefully the system learns from mistakes

Little career choice for individuals

Contributes to brain drain

Decentralized power

This economic theory is going to allow limited supply and demand in the economy

Corrupt leaders force poverty of citizens

All excess income returns to the government

Major key industries has the government make deicisons on how to run

Aristotle says it is when a few have unjust purposes

Government controls and sets all prices

Freedom restricted in favor of order

Leader = State

Equality of the citizens

Slow process for decision making

Power derived from the people

Inherited position of leadership

Privately owned business retain profits & government owned business keeps their profit

Governmen owns all land

Individuals keep profits from business owned