In this form of government all citizens participate and have direct control over the laws that govern their society.
What is direct democracy?
100
In this form of government no one rules.
What is an anarchy?
100
In this economy the individual and the government share the economic or business decisions, the government makes the rules and regulations, and the resources are owned by the individuals.
What is a mixed economy?
100
In this ism, all means of production are owned by the government, private property does not exist, and all goods and services are shared equally.
What is communism?
100
The people who buy goods and services.
What is a consumer?
200
This form of government is ruled by one and the power is NOT inherited, but is acquired by force. This ruler has absolute control over the lives of their citizens.
What is a dictatorship?
200
This form of government is ruled by a few and hold all the power based on military strength, family power (aristocracy), or religious force.
What is an oligarchy?
200
In this economy, the government owns all resources, makes all decisions, and there is no competition.
What is a command economy?
200
In this ism, businesses compete with each other for the consumer’s money.
What is capitalism?
200
This word means government DOES NOT interfere in the economy.
What is laissez-faire?
300
This type of government is inherited which means that his or her parents were rulers also.
What is a monarchy?
300
These three forms of government "the people" have a say.
What is direct democracy, representative democracy, and anarchy?
300
In this economy individuals farm, hunt and gather to barter or trade goods and services with each other.
What is a traditional economy?
300
In this ism, wealth was distributed out equally and individuals did not have choices.
What is communism?
300
The people who make goods and services.
What is a producer?
400
In this form of government, religious leaders usually lead the society and religious law is used to settle disputes and rule the people.
What is a theocracy?
400
This form of government is ruled by god or higher power.
What is a theocracy?
400
In this economy, individuals make all decisions and they are competing to earn profits based on supply and demand.
What is a market economy?
400
In this ism,the factors of production are owned by the public and operate for the welfare of all.
What is socialism?
400
The three questions every economic system or individual must answer before a business is started.
What are we going to produce (make)? How are we going to produce (make) it? Who are we producing (making) it for?
500
This form of government is led by the people and the people elect leaders to write and manage laws for the country.
What is a representative democracy?
500
This form of government is ruled by a king, queen, prince, or princess.
What is a monarchy?
500
This is the economy that the United States has right now.
What is a mixed economy?
500
Natural Resources, labor, capital, and entrepreneurs are all part of business.
What is the factors of production?
500
The study of how goods and services are produced, distributed, and consumed.