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Political and Economic Systems Flashcards | StudBud
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Political and Economic Systems
Political and Economic Systems
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1
Economic system where the government runs essential business but higher taxes provided services
Command
Mixed
Market
Traditional
2
In this type of Economic System, people make what they need, there are no extras, only survival
Traditional
Mixed
Market
Command
3
In this form of Government Authority, a person or small group holds power via military force
Monarchy
Totalitarianism
Democracy
Dictatorship
4
In this form of Government Authority, people choose leaders by election, not authoritarian
Republic
Democracy
Confederation
Monarchy
5
In this form of Government Authority, the real power is with lawmaking body, with royal family
Totalitarianism
Constitutional Monarchy
Democracy
Dictatorship
6
In this Economic System, the government makes all decisions as well as setting wages and prices
Market
Traditional
Command
Mixed
7
Economic System: where people create supply/demand, government handles education and highways
Mixed
Traditional
Command
Market
8
this typically protects citizen, and provides services
Empowerment
Territory
Dictatorship
Government
9
In this form of Government Authority, a royal family is born into power
Democracy
Monarchy
Dictatorship
Totalitarianism