Government and Economy

Front

What is the main purpose of a government?

Back

To create structures that provide for common need, keep order, and protect society

Front

Which type of government is controlled by one person?

Back

Autocracy

Front

In an oligarchy, who holds the power?

Back

A small group of people, usually wealthy and related

Front

How do citizens have power in a democracy?

Back

Through their vote

Front

What is the main purpose of an economy?

Back

To meet the needs and wants of its people

Front

Which type of economic market is based on barter and trade?

Back

Traditional

Front

In which type of economic market do citizens decide what to produce and buy?

Back

Free

Front

What is a key feature of communism as an economic philosophy?

Back

The government owns and runs all businesses

Front

How does socialism differ from capitalism?

Back

Socialism has more government involvement and higher taxes, while capitalism has private ownership of business.

Front

Which type of economic market combines elements of both free and command markets?

Back

Mixed