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gov unit 1

vocab

QuestionAnswer
good that is shared and beneficial for all members of a given community common good
people vote on policy initiatives directly direct democracy
vote on representatives rather than vote on policy representative democracy
unitary government states
parliamentary democracy legislature; body of people discuss matters
presidential democracy system of government ; US uses
authoritarian government favoring strict authority disobedience
constitutional government established set of principles governing a state
monarchy monarch is head
oligarchy small group of people with control over country
dictatorship gov by dictator / absolute authority
totalitarian centralized and dictated and requires complete subservience
scarcity small #s
opportunity cost loss of potential gain
socio-economic goals social reconstructing
economic systems combo of various agencies, entities that provide economic structure that defines the social community
traditional economy farming
command economy everything determined by a government
market economy prices determined in free price system (state determined)
economic wants wants by economy
production making
distribution sharing goods
consumption buying / use of resource
goods and services satisfies wants and needs
consumer buyer
tariff tax / duty to be paid on particular class of imports or exports
Created by: mgnfscsck
Popular American Government sets

 

 



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