Unit 1 (Lesson 2) Flashcards
(44 cards)
authoritarian regime
a system of government in which the state exercises broad control over the lives of its citizens
absolute monarchies
a government led by a hereditary ruler who claims unlimited powers
capitalism
an economic system in which individual investors, or capitalists, privately own the means of production; also known as a free enterprise system
command economy
An economic system that relies mainly on the central government to determine what goods and services to produce and how to produce them
city-state
a sovereign state consisting of a city and its surrounding territory
communism
a system of government in which a single political party controls both the government and the economy; also, the theories developed by Karl Marx regarding the development of an ideal, classless society
confederal system of government
a political system in which independent states form a nation but retain their power under a weak central government
constitutional democracy
a democratic government based on a written constitution
constitutional monarchy
a system of government in which the powers of a monarch are limited by a constitution, either written or unwritten
democracies
A system of government in which citizens exercise supreme power, acting either directly on their own or through elected representatives
coup d’état
the sudden overthrow of a government by a small group of military officers or political leaders; from a French term meaning “blow to the state”
despot
a tyrant or ruler with absolute powers
direct democracy
a democratic form of government in which citizens make public decisions directly, either in a popular assembly or through a popular vote
dictatorships
A system of government in which a single person or group exercises supreme power by controlling the military and police
factors of production
the basic resources required to produce goods and services: land, labor, and capital
economic system
a way of organizing the production and consumption of goods and services
elite
a small group of people within a larger group who have more power, wealth, or talent than the others
federal system of government
a type of government in which power is shared between the national government and smaller regional governments within the nation
fascism
a totalitarian system in which businesses remain in private hands but under government control
feudalism
an economic and political system of the European Middle Ages in which landowners granted land to tenants in return for military assistance and other services
free enterprise system
an economic system that relies on the profit motive, economic competition, and the forces of supply and demand to direct the production and distribution of goods and services; also known as capitalism
initiative process
a form of direct democracy in which citizens propose laws and submit them directly to the voters for approval
market
any place or situation in which people buy or sell goods and services
market economy
An economic system that relies mainly on markets to determine what goods and services to produce and how to produce them