Government and Economic Terms

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allocation (n)

Back

the action of distributing resources

Front

claim (n)

Back

an argument backed by evidence

Front

democracy (n)

Back

a government that is ruled by the will of the people

Front

monarchy (n)

Back

a government in which a single person rules (king or queen)

Front

communism (n)

Back

a type of government and economic system where wealth is shared

Front

anarchy (n)

Back

a state of disorder due to the lack of government

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supply (n)

Back

the amount of goods available

Front

demand (n)

Back

how badly a consumer wants a good or service.