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Government/Economic
Governments & economics study stack for 7th grade social studies.
| Question | Answer |
|---|---|
| the right to vote | suffrage |
| government makes all the economic decisions | command economy |
| producers and consumers make all the economic decisions; decisions are based on supply and demand | market economy |
| economy based on historical practice and time-honored beliefs | traditional economy |
| some decisions are made by the government, while others are from the producers and consumers | mixed economy |
| the value of skills a person possesses | human capital |
| trade between buyers and sellers with restriction; based on their choices | voluntary trade |
| trade between countries or nations | international trade |
| a small group, usually powerful and rich, that make the decisions | oligarchy |
| a government lead by a religious leader | theocracy |
| in theory, a form of government and economics that promotes equality | communism |
| a society with no leaders or rules | anarchy |
| voters elect leaders to make decisions | republic |
| voters make decisions for town | democracy |
| hereditary leadership that passes from generation with titles like kings and queens | monarchy |
| leaders took power without election, with forceful moves | dictatorship |
| development of manufacturing (factories) in a country | industrialization |
Created by:
menders046
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