Government & Economics

An action a person does for someone else.  ex)medical check-ups, mail delivery, car repair

The money required to start/run a business

A person who purchases goods and services for personal use.

A country with a constitution giving the government certain powers. (Citizens have power)

How many people rule in an oligarchy?

How many rule in an autocracy?

Small group of leaders make decisions for the group.

What would a citizen of a dictatorship likely be allowed to do?

Market economy + command economy =

A country’s wealth and infrastructure (buildings, roads, power supplies)

The creativity and risk needed to develop new goods and services

In which system of government are citizens' rights most easily taken away?

Military and civilian personnel, facilities, equipment, and supplies

Consumer’s purchase goods & services & willingness to pay price for specific good/service (supply & demand)

A system in which people produce, sell, and buy things

A system of production where goods and services are produced directly for use (vs. producing for profit)

Government can do whatever they want. Government has total power.

Object is produced, traded, bought or sold, then consumed. ex) food, clothing, toys, furniture

People are free to buy and sell, consumers have choices (high quality and low price)

An electoral system where citizens vote to elect others to represent them.

Which of the following types of government does NOT apply to the USA?

Things that come from nature...

The people required to work and produce a good

Government determines goods produced, prices of goods, services provided & wages of workers; consumers have no choice.

Everyone gets decision making power.

One person runs the government.

How many rule in a democracy?