Government Systems
A government ruled by a king or queen, usually hereditary
A large body of people united by common descent, history, culture, etc.
Nation
Cuba is a _________ country
Communist
Venezuela is a ___________ country
Socialist
A system where decisions are made by representatives who were elected by the public
Representative Democracy
The ability to make someone do something they would not otherwise do
Power
Ownership of the _______________ is held by private firms/individuals
Means of Production
Private property is considered ________
theft
Who owns the means of production in a socialist system
The government AND private individuals(workers)
A type of government where power is divided and shared between a central gov and smaller/regional territories
An authoritarian(very strict) government
Regime
Capitalism is a _______ Economy as Communism is a Command Economy
Market
A communist society is both ________less and __________less.
moneyless and classless
National economies usually fall on a spectrum of command vs market economies, socialism is the ___________ point on this spectrum
midpoint
What is the difference between a parliamentary and presidential system?
President = Executive separate from legislature
Define Rule of Law
When government authority is 'above' the law
No government intervention aka _____________ policies are key to achieving perfect capitalism
Lessaiz Faire
Communism was formally posited by
Karl Marx and Friedrich Engels
military, public ed, roads, libraries, etc.
Define Bureaucracy
A large set of unelected officials who implement the laws.
Define Sovereignty
Supreme power or authority. A self-governing state.
Known as the "Father of Capitalism"
Adam Smith
In a perfect, theoretical communist nation, what is the role of the government?
to transition the society to communism then disband itself
Historical socialism was an economic system just like modern socialism. True or False?
False