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Government/Economic

Governments & economics study stack for 7th grade social studies.

QuestionAnswer
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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