Forms of Government
Which form of government does the US have? Describe it.
Constitutional Republic/ Representative Democracy: Citizens elect officials that reflect the ideas of citizens.
Which system of government does the US have? What are the advantages of this system?
Federal
divides power and allows more flexibility to meet the needs of the people
Which economic system does the US have? Describe it.
Capitalism: People own private property, producers make what they want for profit, and consumers can buy what they want
Economics is the study of all of the following EXCEPT
how government works
how things are produced
how things are consumed
how things are distributed
1. how government works
Rule by one?
Rule by a small group?
Rule by the people?
Rule by a religious leader?
Autocracy
Oligarchy
Democracy
Theocracy
Describe each system of government.
Unitary- Central has more power
Federal- power is shared
Confederal- States have more power
Which economic system does the government provide many services at no cost and owns several basic industries?
Socialism
_______________ is the economic system that contains the following:
1. Private Ownership
2. Individual Initiative
3. Profit
4. Competition
Capitalism
What are the advantages of US Form of government?
Rule of law, checks and balances, separation of power, etc
Describe the central governments of each system of government.
Confederal- weak
Federal- strong
Unitary- complete control
Which type of economic system provides the most economic freedom and high standards of living?
Capitalism
Which economic systems are opposites?
Which systems of government are opposites?
Communism and Capitalism
Confederal and Unitary
Government ruled by a single leader who has complete control over all aspects of the government
Dictatorship
Which system of government is more likely to have a same set of laws throughout the entire country?
Unitary
What are the advantages of a capitalist economic system?
Competition makes people do their best, high standard of living, profit helps to produce and develop new technologies, economic freedom
Describe how rule of law is an advantage of a constitutional republic.
It holds those in power accountable.
Helps to establish equality because the rule of law states that no individual is above the law.
It ensures that a society’s democratic process runs as it is supposed to and protects democracy from any outside intervention or any potential abuses of power.