government types
What is one party that controls the government
one party states
Most countries are a blend of capitalist and socialist
features
Blended system
What are the six major classes
- upper class
- upper middle class
- middle class
- working class
- working poor class
- underclass
What is the difference between income and wealth
- Money a person receives from working, investments, or other sources.
- The total worth of all assets a person owns minus any debts he or she has
What are two reasons for the decline in voting
- education
- Income
- Age
- Gender
A single person or small group that rules with little to no legal restrictions is..
dictatorship
- Goods and services are sold and bought
- An economic system in which resources, industry, and businesses are privately owned
Capitalism
- Top 1% of the population
- In 2015, a typical household income was about $1.5 million
Upper class
What two inequalities do we have?
Wealth and Income
What is the Electoral College?
A group of people representing the state based on the population
Islamic republic
-Marx believed it would be achieved through class conflict
-Health care, education, and basic nutrition are free for low-cost
Socialism
- About 30% of the population
- Typical household income was around $85,000 in 2015
Middle- Middle Class
T or F
Income inequality is greater than Wealth inequality
False
T or F:
On average, less than one-third of the U.S.
voting age population votes
False (two-thirds)
Republics in which the people elect representatives,
such members of parliament, who vote on legislation
on behalf of the citizens who elected them
Democratic republics
Nations with predominantly capitalist economies that eventually adopted measures advocated by socialist movements, such as universal public education for children and publicly
funded health care systems
Capitalist-Socialist Societies
- About 15% of the population
- typical household income was around $15,000
Lower- lower class
Why did income rise so dramatically for the top one percent?
• Lowering taxes on high-income persons and on capital gains
from stock
• Republican control of Congress
• Decline in labor unions
• Changing job structure and an increase in CEO compensation
Why does the upper class have so much influence on the government?
- Running for office is very expensive, and they are typically funded.
Republics that portray themselves as democracies but
In reality, they are dominated by a small number of
individuals or families whose power is generally
based on wealth..
Oligarchic republics
Nations with predominantly socialist economies, which significantly expanded capitalist business activity, such as owning and running businesses for profit
Socialist-Capitalist Societies
-About 25% of the population
-Typical household income was about $40,000 in 2015
Lower-middle class
What countries have the greatest gap in income between the top 10% and the bottom 10%
Turkey, the US, Chile, and Mexico
People occupying the top positions in major business corporations, the federal government, and the armed forces dominate the political system.
A. The Power Elite
b. Pluralism
C. The Ruling Class
The Power Elite