Bellringer Marxism The production of too many useful things results in too many useless people. The rich will do anything for the poor but get off their backs. Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks.

Section 1 Assessment Ques 1. A. What are the two customary roles of the presidential system? B. What basic features do democratic nations share? 2. A. What system of government do Mexico and Brazil have? B. What challenges do Mexico and Brazil face? 3. A. What system of government do the United Kingdom and Japan have? B. How do small political parties play a role in the United Kingdom and Japan? 4. a. What has happened following the colonial rule in many parts of the world? B. Why do you think democracy is difficult for newly independent nations to establish?

Rev Questions 1-4 Page 495 1. a. head of state, chief executive b. social welfare policies, protection of basic human, ability to withstand national crisis 2.a. presidential systems of democracy b. modernization, income inequality, economic growth 3. a. parliamentary systems of democracy b. form majority coalitions 4. a. Authoritarian govt. took power and civil wars broke out. B. little experience with democratic principles.

Economic Decisions-Chapter 15 1.Traditional Economy – What to produce, how to produce, and who to produce it for? 2. Market Economy – individual and businesses make most economic decisions(needs and wants of others). 3. Command Economy- Government makes most decisions. 4. Mixed Economy –Combination of traditional, market, and command economic systems.

Democratization 1. Democratic systems tend to have social welfare policies that seek to improve the quality of their citizens’ lives. 2. Most democratic governments protect the rights and freedoms of their citizens. Consequently, citizens of democratic countries generally enjoy a higher degree of economic and political freedom. 3. Strong democratic countries can generally withstand national crisis such as war, economic trouble, or civil unrest without major changes to their basic systems or structures.

Capitalism  an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. Laissez Faire Theory – “to let alone”

Socialism Is an economic and political system in which the state controls most productive resources such as factories, land,etc. One of the key goals of socialism is to distribute a nation’s wealth throughout society for the benefit of the majority of its citizens.

Communism a system of social organization in which all economic and social activity is controlled by a totalitarian state dominated by a single and self-perpetuating political party.