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governments
| Question | Answer |
|---|---|
| Republic | a state in which supreme power is held by the people and their elected representatives |
| democracy | a system of government by the whole population or all the eligible members of a state |
| Monarchy | a form of government with a monarch at the head. |
| Dictatorship | government by a dictator |
| Oligarchy | a small group of people having control of a country, organization, or institution. |
| Theocracy | a system of government in which priests rule in the name of God or a god. |
| Communism | a political theory derived from Karl Marx |
| Anarchy | a state of disorder due to absence |
| Suffrage | the right to vote in political elections. |
| Command Economy | an economy in which production, investment, prices, and incomes are determined centrally by a government. |
| Market Economy | an economic system in which production and prices are determined by unrestricted competition between privately owned businesses. |
| Traditional Economy | an economy that relies on cultural customs, beliefs, and other traditions for economic decisions. |
| Mixed Economy | an economic system combining private and public enterprise. |
| Human Capital | the skills, knowledge, and experience possessed by an individual or population |
| Voluntary Trade | the free and deliberate engagement in market transactions by buyers and sellers |
| International Trade | the purchase and sale of goods and services by companies in different countries. |
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