6th grade world cultures: Unit 2 Vocab Flashcard

Front

Economic system where individuals and businesses compete for profit with minimal government interference.

Back

Market Economy

Front

Economy where all production, prices, and services are government-controlled.

Back

Command Economy

Front

Economy with private ownership and some government regulation

Back

Mixed Economy

Front

Type of government where all, including rulers, must obey the law.

Back

Limited Government

Front

Form of government controlled by one person with absolute power.

Back

Autocracy

Front

Type of government with no rules or laws limiting a ruler.

Back

Unlimited Government

Front

Economic and political system aiming for equality in status, pay, and living conditions. All property and business owned by the government.

Back

Communism

Front

A government where a small group holds power.

Back

Oligarchy

Front

A government controlled by the PEOPLE.

Back

Democracy

Front

Form of government where the KING or QUEEN holds all power, unbound by laws.

Back

Absolute Monarchy