Political and Economic Systems

Type of government where a single ruler holds all power.

• autocracy

• democracy

• oligarchy

Type of government in which ruling power is shared by a small group.

• autocracy

• democracy

• oligarchy

Type of government where people vote and elect leaders.

• autocracy

• democracy

• oligarchy

Type of democracy where people vote directly on issues:

Type of democracy where people where people elect others to make decisions for them.

Things are done the way they have always been done

• Traditional Economy

• Market Economy

• Supply and Demand

• Command Economy

The balance between what is available and what people want

• Traditional Economy

• Market Economy

• Supply and Demand

• Command Economy

The government decides what is produced

• Traditional Economy

• Market Economy

• Supply and Demand

• Command Economy

Producers and consumers decide what is made

• Traditional Economy

• Market Economy

• Supply and Demand

• Command Economy

A blending of different economic systems