Government and Economic System
Published on Nov 23, 2015
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Government and Economic Systems
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A government is the political direction and control exercised over actions of the members, citizens, or inhabitants of communities, societies, and states. It is also the direction of the affairs of a state or a community.
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Unitary Government is a system of political organization with a central Supreme Court which holds the authority over and makes the decisions for subordinate local governments.
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A good thing about Unitary Government is that it has a smaller government and therefore they don't have to agree with many people about passing laws. A Unitary Government can be simpler to manage. A bad thing about a Unitary Government is that it doesn't know a lot about what is happening around the country because it has no connections between local governments.
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Federal Government is a system that divides up power between a strong national government and smaller local governments.
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A good thing about a Federal Government is that it works well for a country that has different regions, cultures, and values. A bad thing about a Federal Government is that it takes a long process to go through changing and passing laws.
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A Confederation Government is an alliance, association, or league in which independent entities retain their distinction and sovereignty, but delegate some powers and rights to a central body which remains subordinate to the entities.
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A good thing about a Confederation Government is that it is an agreement between separate bodies to work with each other. Working together in a government is important. The bad thing about a Confederation Government is that many citizens do not want to work together and in a result causes the whole country to fight.
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An economy is the management of the resources of a community or country with a view to its productivity.
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Communism is a system where all property is public and people are paid by how much they work. Citizens are given supplies by the government according to their needs. It's main goal is to equal out the classes.
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A good thing about Communism is that its goal is to make everyone equal to how they work and their abilities. A bad thing about Communism is that not all people want to be equal and some will continue to be rich and stubborn.
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Capitalism is an economic system and political system where investment is by owner production, distribution, and exchange of wealth. It is made and maintained by private individuals or corporations.
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A good thing about Capitalism is that it helps the poor become more encouraged to become successful and get more money. Also the rich can help the overall economy with them selling and trading. A bad thing about Capitalism is that the rich can rule the poor because of them selling and producing more things than the poor can. There will always be a divide between the rich and poor because of the rich taking advantage of the economy.
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Free Market Economy is a capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand.
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A Free Market Economy is good because it responds quickly to people's wants. Profit will produce goods at a lower cost. A bad thing about Free Market Economy is that there is less jobs because of their being more machines and less labor is required.
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Totalitarianism is an extreme form of government in which the rulers claim total control over all activities of all citizens.
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A good thing about Totalitarianism is that the leader can make all the decisions by him or herself and control the country. The bad thing about a Totalitarianism is that the leader can do what he or she wants to the citizens and not get in huge trouble for it because they are in charge.
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