Government & Economic Concepts

A type of Government in a nation

• Economic system

• Political system

• Economy

• Government

Type of government where the people elect their officials

Type of Government where the country is ruled by a King or Queen

Type of Government where the country is ruled by one person

The degree of wealth and material comfort available to a person or community

• Standard of Living

• Standard of Housing

• American Lifestyle

• Life Standard

How societies or governments produce and distribute goods, resources, and services

• Economic system

• Political System

• Type of economy

• Type of government

An economic system where decisions are made between buyers and sellers

An economic system where the government owns all businesses and controls products and prices

An economic system that is a mixture of market and command economies

an economic system based on the production of goods for a profit and the private ownership of property and wealth