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Government & Economy
this it the study stack for soc
Term | Definition |
---|---|
industilization | development of manufacturing in a country |
republic | voters elect leaders to make decisions |
democrocy | voters get to make all the decisions |
monarchy | leadership is passed down from gen to gen and are name king and queen |
Dictatorship | the leader took power by force so not a electron |
oligarchy | a small group usually powerful and rich that makes the dishions |
theocracy | the government is ran by a religious leader |
communism | form of Government & Economics that would promote equality in practice a from of dictatorship |
anarchy | society with no leader |
mixed economy | some decisions are made by the gov while other dishions are made by producers |
international trade | trade between countries |
voluntary trade | trade form buyer to seller |
human capital | the skill someone has and is valued |
suffrage | the right to vote |
command economy | government makes all the economic decisions |
traditional economy | economy based on historical practice and time honored beliefs |
market economy | producers and consumers make all the economic decisions that are based on supply and demand |