ECS 7th grade-Types of goverments and economic systems
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Sovereignty | A country's freedom and power to decide on policies and actions.
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| Unitary | One central government holds most of the political power.
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| Federal | Relating to a union of states that recognize a single central government but retain certain powers for themselves
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| Confederation | Individual political units keep their sovereignty but give limited power to central government.
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| Authoritarian | One person (a dictator) holds all political power.
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| Dictatorship | One person holds absolute power.
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| Totalitarianism | A central authority controls all aspects of society.
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| Monarchy | Authoritarian goverment headed by a monarch, whose position is usually inherited.
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| Constitutional Monarchy | Monarch plays a SYMBOLIC role while real political power restes with an ELECTED law making body.
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| Democracy | The people help to choose their leaders and elected representatives and determine goverment policy based on the will of the MAJORITY.
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| Capitalist | ECONOMIC system where means of production are controlled by PRIVATE individuals or corporations.
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| Market Economy | ECONOMIC system where most goods and services are produced and distributed through the FREE MARKET.
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| Communism | System where the GOVERMENT controls the means of PRODUCTION in every aspect.
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| Socialism | System where the GOVERNMENT OWNS, manages or controls the production, distribution, or exchange of goods in basic industries.
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Created by:
joally
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