Economic Systems and Governments

Economic System: Custom and tradition drives decision-making.

• Traditional

• Ancient Command

• Market

• Modern Command

• Mixed

Economic System: A powerful ruler, such as a pharaoh, makes decisions.

• Traditional

• Ancient Command

• Market

• Modern Command

• Mixed

Economic System: Individuals and businesses make decisions (NO REGULATION).

• Traditional

• Ancient Command

• Market

• Modern Command

• Mixed

Economic System: Government committees make decisions (REGULATION).

• Traditional

• Ancient Command

• Market

• Modern Command

• Mixed

Economic System: Some combination of market and command economies (SOME REGULATION).

• Traditional

• Ancient Command

• Market

• Modern Command

• Mixed

Form of Government: One political party or "elite" group make control the government.

• Single-Party State

• Monarchy

• Dictatorship

• Theocracy

Form of Government: One powerful ruler controls the government; passed down through family ties.

• Single-Party State

• Monarchy

• Dictatorship

• Theocracy

Form of Government: One ruler controls the government through force, such as using the military.

• Single-Party State

• Monarchy

• Dictatorship

• Theocracy

Form of Government: A government run by religious leaders.

• Single-Party State

• Monarchy

• Dictatorship

• Theocracy

Form of Government: All people vote on laws and decisions.

• Direct Democracy

• Parliamentary Democracy

• Presidential Democracy

• Communism