Gov/Econ
What does the government do for us?
creates order and safety through the rule of law
What does it mean to be democratic?
citizens have freedom, they are protected from the government by the constitution, the government is limited in their power, and there are fair elections
Monarchy
Ruled by king/queen
What is the purpose of the economy?
representative democracy
The king or queen can and will make any rules they want even though they probably do not follow those rules
Absolute monarchy
Which economic system is when the government has total control?
communist
I have both a king/queen and a group of representatives
constitutional monarchy
Ruled by a religous leader
theocracy
Who has the power to make decisions in a capitalist economy?
What about in a mixed/socialst economy?
In a capitalist economy, individuals and private businesses have the power.
In a socialist economy, decisions are made by both individuals and the government (mix of communism and capitalism)
ALL of you get to vote on the laws
direct democracy
Government that have total control and typically rules by fear
totalitarian/dictatorship
What is the difference between limited and unlimited government?
limited = government is restricted its in power
unlimited = government has no restrictions
What type of economy will you usually find in a democratic government?
Capitalism or socialist leaning
What type of economy would you most likely find in an unlimited government?
communist