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Group 2 Types of Gov

Group 2 Types of government and economy

QuestionAnswer
Authoritarian descriptive of a system of government in which the leaders hold all political power
Command Economy an economic system that is controlled by a single central government
Democracy A system of government in which the people are invested with the power to choose their leaders and determine government policy
Dictatorship A system of government in which absolute power is held by a small group or one person.
Export An item that is sent out of the country for sale.
Import An item that is brought into the country for sale.
Market Economy An economic system in which decisions about production, price, and other economic factors are determined by the law of supply and demand
Monarchy A system of authoritarian government headed by a monarch- a king , queen, shah, or sultan - whose position is usually inherited.
Totalitarianism A system of government in which a central authority controls all aspects of society.
Traditional Economy An economic system in which families produce goods and services for their own use, with little surplus and exchange of goods; also known as a subsistence economy.
Created by: Haley Murphy Haley Murphy