World Religions
This religion is the most practiced religion in the world.
What is Christianity?
This government type usually keeps the power within their family.
What is a Monarchy?
In this style of economy the goal is to make as much money as possible
What is free market economy?
the universal law of cause and effect where actions—thought, speech, and physical acts—shape future experiences and rebirth
What is Karma?
In this religion if you are financially and physically able you should make your pilgrimage to mecca.
What is Islam?
This style of government is a collection of the richest people in the country and only make policies favoring them.
What is an oligarchy?
In this economy people would barter for goods.
What is a Traditional Economy?
the electorate (people) decides on policy initiatives without elected representatives as proxies.
What is a direct democracy?
This religion is the oldest religion of all major world religions.
What is Judaism?
In this government people will always be united in their loyalty to their leader and their leader is able to make quick decisions due to power being centralized.
What is a dictatorship?
In this economy the government has full control over all the decisions regarding the economy.
What is a Command economy?
the Islamic sacred book, believed to be the word of God as dictated to Muhammad by the archangel Gabriel and written down in Arabic
What is the Quran?
This religion has worshipers ppractice the Eight Fold Path.
What is Buddhism?
This style of government wants to get rid of social classes.
What is Communism?
In this economy style you would see government social safety nets, variety of buisinesses, and some trading of goods.
What is a mixed economy?
the excess over the returns to capital, land, and labour (interest, rent, and wages)
What is Profit?
This religion believes everyone is in a cycle of birth-death-rebirth.
What is Hinduism?
In this style of government people elect their representatives to vote on policies for them.
What is a republic?
The big three questions that every country has to answer about their economy is
What is what to produce, how to produce it, and for whom to produce it for?
No government interference in the workings of the free market.
What is Laissez Faire?