Unit 1 - Types of Government & Economic Systems

Under capitalism who/what controls the factors of production?

Ayatollah Khamenei is the top religious leader in Iran. Govt. decisions must be approved by him. This is an example of..

Government sets some business regulations, such as a minimum wage; Both private & public companies control production

Rely on the will of the people for authority and decision-making; rule by majority

The US is best described as a ...

Rule by one person

Translated as "Let it be", this is a hands off approach to the economy that enables capitalism.

The UK is ruled by Queen Elizabeth II. This is an example of...

Absence of government

Robert Mugabe ruled over Zimbabwe for 37 years with absolute control. This is an example of...

Under a capitalist system, individuals/groups seek to attract the business of customers. This is called...

How do socialist systems pay for social serivces?

Citizens in Brazil elect representatives to serve in two different legislative bodies. This is an example of...

Government take over over industries

Based upon supply and demand; privately owned companies sell produce at high price when the demand is high

Power limited by a constitution

Economic system in which the factors of production and services are controlled by individuals NOT the government.

Government that uses religious law to rule the people.

Led by a king or queen; given power by birth

Government sets prices for all products sold.

Canada features an elected legislative body, Parliament. This is an example of...

Adam Smith is most associated with...

No legal opposition or very little

Under a socialist system, the factors of production are controlled by...

Before 1994, only white people were allowed to serve in the government of South Africa. This was an example of...

Under capitalism, operating within a free market, what determines prices?

Citizens elect leaders to represent their rights and interests.

Unlimited power of the government with limited roles for the citizens.

The right to rule

Basic resources needed for a country's economy.

Government allows farmers to set prices for their produce and to decide how much to pay for labor without regulation.

Rule of law ensures laws are fair, enforced and applies to everyone the same

Leaders have absolute control over citizens' lives; often taking power by force

Rule by a small group

Which best describes the USA?

The United States is best described as...

Capitalism operates under which type of economic system?

Rule by the citizens

An institution with the power to make and enforce rules for a group

Authoritarian socialism

Citizens are directly involved in the day-to-day work of governing, including lawmaking

The United States is best described as a(n)...

Limited government due to established an respected restraints on power.

Karl Marx is most associated with...

Consent of the governed through voting

Leadership is not responsible to the will of the people or held accountable for its actions.

Public is NOT allowed to criticize the government

Separation of power divides government to ensure no one branch has too much power.