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SS Economics

Study Guide

Name a type of government, Who ruled it, and how they ruled. Monarchy- Legal Ruler, Ruled by 1 Democracy- Ruled by the people, Ruled by many Feudalism- Empor/King (SHOGUN), and Ruled by 1 or Oligarchy- Richest Families, ruled by a few
Define the following: Demand, Supplies, Scarce, and Surplus. Demand- How much a source is wanted Scarce- When you are running low on resources Supply- The amount of goods you have Surplus- Amount of good left over-Bought a lot
Name two examples of how ancient civilizations had enough supply of goods and services to survive. *Hunting and Farming *Trading *Mined *Argiculture
Fill in the blank: The law is the rule. You can't make up different rules for different people. This is__________. Rule of law
Fill in the blank:The group with the most votes wins. This is________. Majority Rules
Fill in the blank: The government does not have all the power. This is ________. Limited Government
Fill in the blank: A rule is passed for a group of people. This is __________. Minority Rights
Created by: s45852
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