Economy and Government Overview

Every country decides how to distribute its resources to meet the needs of its people; answers three basic questions: What to produce? How to produce? For whom to produce?

• Economic System
• Traditional Economy
• Command Economy 
• Market Economy 

A system found in agricultural societies where people live the same way their parents and grandparents did; people produce what they need to survive.

• Market Economy
• Command Economy
• Traditional Economy 
• Taylor Swift World 

The government controls what is produced and how it is produced; the government own the resources and decides who gets the products.

• Control Economy
• Command Economy 
• Market Economy 
• Mixed Economy 

Economic decisions are based on what its people want to buy and sell; supply and demand for a good or service determines what to produce and how to produce it; who gets a product is determined by how much a person can afford to pay for it.

• Market Economy
• Mixed Economy
• Command Economy
• Traditional Economy 

System which falls somewhere in between pure market and pure command economies.

• Market Economy
• Command Economy
• Traditional Economy 
• Mixed Economy 

The type of money a country uses.

• Currency 
• Citizens
• Government
• Autocratic Government 

People who have the right to participate in government

• Democratic Government 
• Governement
• Citizens 
• The people of Panem 

One leader holds complete power

• Autocratic System

• Democratic System

• Presidential System

• Parliamentary System

the people hold supreme power-elect officials to represent them, and all citizens have equal right to participate in government

• Democratic Government 
• Parliamentary System 
• Democratic System 
• Presidential System 

Two forms of democratic governments: parliamentary and presidential

• Democratic Government 
• Republic Government