economy
what is economy
Production of Goods (Making stuff)
- Distribution of Goods (Selling stuff)
- Consumption of Goods (Buying stuff)
what is a right
Things you are allowed to do because of nature or law
what is capitalisim
an economic and political system in which a country's trade and industry are controlled by private owners for profit.
what is limited goverment
A government that is restricted in its use of power
what is unlimited goverment
A government that has no restriction on its amount or use of power.
what is the economy system
An Economic System is how money is made and used within a country.
what is a personal right
Freedom of Speech-can say what you think
Freedom from Discrimination-everyone treated equally
Right to own Property-can buy and sell things
Freedom of Religion-can believe what they want
Freedom of Movement-can go where and when they want
what is socialisim
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
what is one example of limited goverment
Power is often divided among branches of government.
one example of it
The ruler and his/her appointees have complete power, including declaring and enforcing laws.
what are the 4 types of economy
market,command,mixed,traditional
what is a political right
Right to Assemble-can gather together
Freedom of the Press-can print and report facts
Right to Equal Protection Under the Law-cannot be jailed for race or religion
Freedom to Petition-ask the government for change without fear
Right to Vote-can elect representatives and vote on issues
what is communisim
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
another example
Citizens are involved in political decisions, often by voting, lobbying, and protesting.
another example of it
Citizens have no power.
what is traditional economy
Community based economy from their own customs and traditions. They hunt, fish, farm, and barter (trade) to take care of their own as a self-sufficient community.
what is responsibilities of a citizen
he expectations that you will perform certain duties
what is capitalism classes
upper middle lower
another example
United States, Canada, Switzerland
another example of it
Cuba, North Korea, Iran
what is market economy
: People make ALL economic decisions, and the government has NO authority.
what is the role of a citizen
How citizens participate in the political process and government
what is socialisims classes
middle
best example to describe limetid goverment
a political system where governmental powers are restricted by a constitution or law to protect individual rights and prevent the concentration of authority.
what is the best example
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