Unit 1 Review Gov 23-24

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

Enforcing the will of god on the people

Some characteristics of command economy

Wide variety of products

Deity is the head of state

A rule of a few people or families

A writen guarantee of the government

Leader ship claims descendency from a diety

Aristotle says it is when a few have unjust purposes

Paying taxes in exchange for protection

Minimizes the disadvantages of a market economy

No term limits with handpicked or inherited leaderhsip

Power derived from the people

Freedom restricted in favor of order

Corrupt leaders force poverty of citizens

Limited income for citizens

No checks or balances

Pursuing national glory is the highest focus

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

Governmen owns all land

Hopefully the system learns from mistakes

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

Slow process for decision making

Supply & Demand

Inherited position of leadership

Leader = State

Equality of the citizens

No freedom of speech

Decentralized power

Little career choice for individuals

Government controls and sets all prices

All excess income returns to the government

Individuals keep profits from business owned

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

Contributes to brain drain

Pursuing both national and liberal ideas