concepts of democracy

Type of Economy? Government owns all business or industry 100% taxation and welfare

• Communism/Command

• Socialism/Mixed

• Capitalism/Free Market

Limited quantities of resources to meet unlimited wants

• economics

• factors of production

• scarcity

• supply and demand

All people are entitled to life, liberty, and

• due process

• majority rule

Equality means all persons are entitled to equal rights and treatment under

• the law

• the declaration of Independence

Majority rule means the will of the majority as expressed through elections is fundamental to

• the law

• the American System

Minority rights in the Constitution of the United States protects the rights of the few______________________

• from oppression

• from the majority

The structure of the United States government necessitates compromise by all sides-

• compromise

• due process

Which concept of democracy does this represent? -- All persons are born free, equal, and independent-

• Individual freedom

• minority rule

• necessity of compromise

Which concept of democracy does this represent? -- The process of blending and adjusting competing views and interests to come to an agreement

• Equality of all persons

• Majority rules

• Compromise

• Worth of the individual

How would a free market economy be described?

• An economy in which decisions are made by the government.
• The international exchange of goods.
• An economy based on supply and demand with little or no government control
• An economy that is communist