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QuestionAnswer
oligarchy a small group of people making decisions
democracy the people vote for decisions (note: no rights are protected)
republic representatives voted in by the people make the decisions where rights are protected
comunism all the people are equal in theroy, in pratice it is like a dictatorship
dictatorship power taken by force
suffrage the right to vote
theoarcy a religious leader rules
anarcy a socity without leaders
monarchy the ruler is a king or king and got it through heridetary gains
tradional economy controled by tradion for how things cost
mixed economy a mix where bolth the goverment and consumers and produers work togeher to control trade
control economy the goverment controls the economy
market economy the people control the economy
indutralization to make factories for production
human captaial the skills a person has
volentary trade trade between 2 parties within regulation
international trade trade between 2 countries
Created by: dowens536
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