cxcb
Government
and
Economic
Systems
This session will help you to review the
various political and economic systems
we have around the world. Once you can
grasp these concepts it will help you to
understand America’s foreign policy and
why one of our goals is to expand
democracy around the globe.
Economic Systems
Task 1
Capitalism
Communism
Socialism
Read about the economic systems in the space below and describe the
difference.
1.Capitalism (free market)
2.Communism (Command Economy)
1. Economic system in which PRIVATE CITIZENS own most, if
not all, of the mean of production and decide how to use
them within legislated limits.
2. Economic System in which the central government directs
all major economic decisions including the price, number
produced, and wages.
3. Economic system in which government owns some factors
of production and distributes the products and wages
3.Socialism
Economic Vocabulary Words
1.GNP-
1.Total value of goods and services produced in a country in a year.
2.Per Capita GNP
2.A measure of the total output of a country that takes the gross
domestic product (GDP) and divides it by the number of people in
the country. This gives an average income per family
3.Consumer
4.Developing country
5.Laissez Faire Capitalism
3.The consumer is the one who pays to consume the goods and
services produced. As such, consumers play a vital role in
the economic system of a nation
4.A country whose average per capita income is only a fraction of
that in more industrialized countries
5.An economic doctrine that opposes governmental regulation of
or interference in commerce beyond the minimum necessary for a
free-enterprise system to operate according to its own economic
laws.
Government Types can be divided in two
different categories
Authoritarian- a government in which one leader or
group of people holds absolute power
Task 2
Describe the difference between authoritarian and Democratic
government types
Authoritarian
Democratic
Democratic-a government in which the people holds
the power to rule
Authoritarian/Autocracy
TASK 3 REVEW
Read about the different government types to understand the
difference between them. Once you have read over them you can fold
paper to use as flashcards.
A government controlled by one person or a small group of people who
take over by force.
1.Dictator/Dictatorship
2.Absolute Monarch
A monarch (someone who inherits power) who has complete and
unlimited power to rule his or her people
a form of government in which all power is vested in a few persons or
in a dominant class or clique; government by the few
3. Oligarch/Oligarchy
a form of government in which a country is ruled by a certain religion
or religious leaders have the power
4.Theocracy
government characterized by strong central rule that attempts to
control and direct all aspects of individual life through coercion and
repression
5. Totalitarianism
TASK 4
LIST AN EXAMPLE COUNTRY FOR EACH
1.absolute monarch
2.totalitarianism
3.theocracy
4.oligarchy
5.dicatorship
Democracy/Democratic
TASK 5 REVEW
THE GOVERNMENT TYPES AND FOLD THE PAPER IN HALF TO
USE AS FLASHCARDS AND CHECK TO SEE THAT YOU KNOW ALL
TYPES
1.Constitutional Monarch
1.a system in which the power of the hereditary ruler is limited by the
country’s constitution and laws.
2.Direct Democracy
2. a form of democracy in which the people vote firsthand
3. Representative Democracy
3.a government in which citizens choose a smaller group to govern on
their behalf.
4. a government in which the supreme power rests in the body of
citizens entitled to vote and is exercised by representatives chosen
directly or indirectly by them.
4.Republic
TASK 6
LIST AN EXAMPLE COUNTRY FOR EACH
Constitutional Monarch
Representative Democracy
Direct Democracy
Republic
Check out
*Flocabulary Forms of Government for a
catchy video that will help you to
remember and understand the forms of
government
Study Skills
1. Review all the information and if you still have confusion ask your teacher
to help explain, read more about it online, or look through assignments over
this category
2. Either have someone orally quiz you after you have reviewed the
information or quiz yourself by folding the paper.
3. After the review highlight items you clearly understand so you know the
other items are where you need to focus your study.
4.Keep all study packets so that you can review l items for test as we get
closer to the April 28th test day.
EOC Practice Questions government systems