Government and Economic Systems
Flashcard
•
Social Studies
•
5th Grade
•
Easy
Katie Johnson
Used 6+ times
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8 questions
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1.
FLASHCARD QUESTION
Front
One leader has complete control over the country. People have little or no say in government decisions. Example: North Korea.
Back
Dictatorship
2.
FLASHCARD QUESTION
Front
A king, queen, emperor, or empress rules the country. Power is usually passed down through family. Some monarchies have limited power, with a parliament helping to make decisions. Example: United Kingdom (constitutional monarchy).
Back
Monarchy
3.
FLASHCARD QUESTION
Front
A small group of people have all the power. They may be wealthy, military leaders, or belong to a specific political group. Citizens have limited or no influence on decisions. Example: Ancient Sparta.
Back
Oligarchy
4.
FLASHCARD QUESTION
Front
Citizens have the power to make decisions by voting. Leaders are chosen through elections. There are two main types: Direct Democracy: Citizens vote on all laws. Representative Democracy: Citizens elect leaders to make decisions. Example: United States.
Back
Democracy
5.
FLASHCARD QUESTION
Front
The government makes all economic decisions. It controls what goods are produced, how they are made, and who receives them. Example: Cuba.
Back
Command Economy
6.
FLASHCARD QUESTION
Front
Individuals and businesses make their own economic decisions. Supply and demand determine prices. There is little government interference. Example: United States (mostly a market economy).
Back
Market Economy
7.
FLASHCARD QUESTION
Front
A combination of command and market economies. Businesses have freedom, but the government regulates some industries. Provides public services like healthcare and education. Example: France.
Back
Mixed Economy
8.
FLASHCARD QUESTION
Front
People produce goods and services based on customs and traditions. Often found in rural or farming communities. Trade is common instead of using money. Example: Indigenous tribes.
Back
Traditional Economy
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