Types of Government and Economic Systems

In this type of government, you are born into power, not voted into power.

• Monarchy

• Democracy

• Oligarchy

• Republic

In this type of government, the people vote for their leaders and have a say in the government. They have certain rights that are protected.

• Democracy

• Monarchy

• Dictatorship

• Oligarchy

In this type of government, there is one leader who restricts the basic rights of the people. The leader usually takes over when the country is in a crisis.

• Dictatorship

• Democracy

• Monarchy

• Oligarchy

In this type of government, a small group of people take over, usually by force.

• Oligarchy

• Democracy

• Monarchy

• Theocracy

In this type of government, everyone, including the leaders, must follow the laws. People have choices and vote for their leaders.

• Limited Government

• Monarchy

• Dictatorship

• Oligarchy

In this type of government, the people do not have a say. The leader has full and complete power. He does not have to follow the rules that he imposes.

• Unlimited Government

• Democracy

• Constitutional Monarchy

• Republic

An economic system where individuals answer the four economic questions: what to produce, how to produce, how much to produce, whom to produce. There is limited government interference.

• Free Enterprise Economy

• Command Economy

• Mixed Economy

• Traditional Economy

An economic system where the people and the government play a role in answering the four economic questions: what to produce, how to produce, how much to produce, whom to produce. There is a push for cooperation not competition.

• Socialist Economy

• Capitalist Economy

• Mixed Economy

• Traditional Economy

An economic system where the government answers the four economic questions: what to produce, how to produce, how much to produce, whom to produce. There is no economic freedom and everyone is equal.

• Communist Economy

• Capitalist Economy

• Mixed Economy

• Traditional Economy

Match the correct vocabulary term with the correct definition: Scarcity, Supply, Goods, Services, Demand, Gross Domestic Product (GDP). How much of something people want.

• Demand

• Scarcity

• Supply

• Goods