Government and Economics Vocabulary

Economy in which people have freedom to make economic decisions andgovernment has some control

Government ruled by religious leaders on behalf of a god or gods

Local governments have most power

Economy in which consumers and producers make all economic decisions:

Government by the people

System of laws that keep society in check

Central government has most power

Study of how people use limited resources to satisfy their unlimited wants

Government by one

Government ruled by a queen or king who has ultimate authority

Power is shared among different levels of government

Economy in which the government makes all economic decisions :

Democracy in which the head of government is separate from the legislature

Democracy in which the head of government is part of the legislature:

Government by a few