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Govern and Economy
| Question | Answer |
|---|---|
| Republic | Voters elect a leader to make decisions. |
| Democracy | Voters get to make the decisions. |
| Monarchy | Hereditary leadership that passes from generation to generation, with titles like kings and queens. |
| Dictatorship | The leader took power with an election, usually like force. |
| Oligarchy | A small group, usually powerful and rich, that make the decisions/ |
| Theocracy | A government led by a religious leader |
| Communism | In theory, a form of government and economics that would promote equality. In practice, a form of dictatorship. |
| Anarchy | A society with no leaders. |
| Suffrage | The right to vote. |
| Command Economy | Government makes all the economic decisions (production, price, etc.) |
| Market Economy | Producers and consumers make all of the economic decisions. Decisions are based on supply and demand |
| Traditional Economy | Economy based on historical practice and time-honored beliefs |
| Mixed Economy | Some decisions are made by the government, while other decisions are made by producers and consumers (supply and demand) |
| Human Capital | The value of skills a person possesses |
| Voluntary Trade | Trade between buyers and sellers with restriction. It's based on their decisions |
| international trade | Trade between countries |
| Industrialization | Development of manufacturing (factories) in a country |
Created by:
P0kemonY2
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