Culture Week 2 - Government and Economy

Organize these options into the right categories

Groups:

(a) Autocracy

,

(b) Democracy

,

(c) Oligarchy

• all power is in a small group of people

• ruled by the people

• citizens vote to elect people to rule in a certain way

• government type of the United States

• all power controlled by one person

Define Autocracy

• A system of government where power is inherited based on family lineage
• A system of government where citizens have equal say in decision-making
• A system of government where one person has absolute power

• A system of government where power is shared among multiple individuals

Define Theocracy

• ruled by one- power taken by military force

• ruled by one- power is inherited by a king or a queen

• headed by a religious leader and a religious belief system

• A theocracy is a government ruled by military leaders

​ (a)   is a type of goverenment led by someone who ​ (b)   and keeps power through ​ (c)   force.

• Dictatorship
• takes
• military
• Monarchy
• Democracy

Economy is the study of the way a nations makes ​ (a)   choices about how it will use its ​ (b)   to meet the needs of the ​ (c)  

• money
• resources
• people

Organize these options into the right categories

Groups:

(a) Traditional Economy

,

(b) Free Market

,

(c) Command

,

(d) Mixed Market

• involves trade and barter

• combination of free and command

• consumers and producers decide how resources are used

• does not fully exists in today's world

• people do the same jobs as their parents and grandparents did

• limited opportunities for individuals to gain wealth

• United States

• government does not interfere

• governments have the most control over a country's economy

To produce, distribute, and consume resources to meet the needs and wants of the people of a country is called....

What is communism?

• a form of democracy

• philosophy based on individual ownership of property

• philosophy in which government owns and runs all businesses- everyone shares

• philosophy in which citizens control all

What is capitalism?

• economic system that is profit for the individuals and is citizen-led

• economic system where profit is not a primary motive for businesses.

• system where individuals work collectively for the common good.

• government controls all means of production.

What is economy?

• A government policy for regulating trade.
• A type of financial investment strategy.
• to produce, distribute, and consume resources to meet the needs/wants of its people

• A method of measuring wealth in a country.