GOVERNMENTS

OLIGARCHY

MONARCHY

• A government where one person holds absolute power that is inherited.
• An example would be the United Kingdom.

DEMOCRACY

• The supreme power is vested in the people and exercised directly by them or under a free electoral system
• An exacmple of this is Greece

UNITARY GOVERNMENT

• Political organization with a central supreme government that holds authority and makes all decisions for local goverenements.
• An example of this would be Cuba.

FEDERAL GOVERNMENT

• System that divides up power between a strong national government and smaller local governments.
• An exapmle of a Federal government is Germany.

CONFEDERATION

• An organization that consists of several parties or groups united in an alliance.
• An example of a conferderation is the US.

DICTATORSHIP

• A government or a social situation where one person makes all the rules and decisions without input from anyone else.
• An example of a dictator pship would be North Korea.

ECONOMIES

COMMAND ECONOMY

• The the government determines what goods should be produced, how much and the price of the goods.
• China has a command economy.

TRADITIONAL ECONOMY

• Traditions, customs, and beliefs shape the goods and the products the society creates.
• South India has a traditional economy

MIXED ECONOMY

• Economic system combining private and public enterprise.
• The United states have a mixed economy.

MARKET ECONOMY

• People & businesses make their own decisions on what to buy and sell.
• Government has little involvement.
• Hong kong has a market economy.

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