Vocab Flashcards
(19 cards)
Dictatorship
Leader had absolute power and authority.
Government
Society makes and enforces its public policies.
Democracy
Supreme authority rests with the people.
Sovereign
Has supreme and absolute power with its own territory.
Autocracy
Form of govt. in which a single person holds unlimited political power.
Oligarchy
Govt. in which power is held by a small elite govt.
Compromise
Blending of views and interests.
Parliamentary govt.
Prime minister and his cabinet.
Free enterprise
Eco. System. Pvt. ownership of capital goods.
Mixed economy
Private enterprise + govt. regulations.
Presidential govt.
Separate executive & legislative branch.
Confederation
Joining of several groups.
Division of powers
Powers are divided in geographic basis.
Federal govt.
Powers are divided between central + state.
Unitary govt.
Power belongs to a single central agency.
Law of supply and demand
Law states that when supply increases, prices decreases.
Public policy
Many goals that a govt. pursued in areas of human affairs in which it is involved.
Legislative power
Power to make a law and go frame public policies.
Executive power
Power to execute, enforce and administer law.
