Section 3: Political & Economic Systems

Question 1

Unitary System

Answer 1

Gives all key powers to the national or central government.

Question 2

Federal System

Answer 2

Divides the powers of government between the national government and state or provincial governments.

Question 3

Autocracy

Answer 3

Any system of government in which the power and authority to rule belongs to a single individual.

Question 4

Oligarchy

Answer 4

Any system of government in which a small group holds power.

Question 5

Democracy

Answer 5

Any system of government in which leaders rule with the consent of the citizens.

Question 6

Traditional Economy

Answer 6

Habit & custom determine the rules for all economic activity.

Question 7

Market Economy

Answer 7

Individuals and private groups makes decisions about what to produce.

Question 8

Mixed Economy

Answer 8

One in which the government supports and regulates free Enterprise through decisions that affect the market-place.

Question 9

Command Economy

Answer 9

The government owns or directs the means of production- land, labor, capital, and business managers- and controls distributions of goods.