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Group 2 Types of Gov
Group 2 Types of government and economy
Question | Answer |
---|---|
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. |