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4Personal choice on most products
Theocracy Government under the rule of religious leaders Direct Democracy A democracy in which the people assemble to make major government decisionsby a majority vote`
Republic A democracy in which people elect representatives to make decisions on theirbehalf
Republic = Representative Democracy Monarchy Government in which power is passed down hereditarily, ruled by a king or queen.
Choose an answer 1 Socialist Economy 2 Command Economy 3 Traditional Economy 4 4Mixed Economy Don't know?
Dictatorship Form of rule in which one person or a small group of people holds power and arenot responsible to the will of the people
Oligarchy Government where a small group of powerful people make most decisions fortheir own benefit
Anarchy absence of government Autocracy a system of government by one person with absolute power; two types(Monarchy & dictatorship)
1Market Economy 1supply and demand often determine prices 1Command Economy 1central government controls large portions of the economic activity 1Mixed Economy 1Federal government has some control 2Market Economy 2Personal choice on all consumer goods 3Market Economy 3Competition for best products occurs 4Market Economy 4Self-interest over overall good of society 2Mixed Economy 2Private ownership of businesses is promoted 3Mixed Economy 3supply and demand often determine prices 4Mixed Economy 4Personal choice on most products 5Mixed Economy 5Government may control electricity, healthcare, banking 2Command Economy 2Government controls natural resources 3Command Economy 3Government monopoly over major industries 4Command Economy 4Personal choice is often limited 1Traditional Economy 1Production is based on customs and traditions 2Traditional Economy 2Due to natural limitations, personal choice may be limited 3Traditional Economy 3no currency is used for trade 4Traditional Economy 4Individuals or groups barter what they have for what they need 5Traditional Economy 5Hunters, gatherer, fishermen, nomads, herders
