Types of Governments States/Origins Of Government Types of Democracy’s Business Organizations Economic Systems

What is Anarchy?

No Government Ruling

What is Dictatorship?

One Person Ruling

Which Monarchy is it when the King or Queen has NO political power?

Constitutional Monarchy

What is Teocracy

Religious Group Rules

Which Country in the World has an Anarchy?

NONE

Name the 4 requirements to make a state.

People, Territory, Government, Soverenignty

What is Force Theory?

Strongest person or group took control of others.

What is Evolutionary Theory?

Early families settled land and formed tribes.

What is Divine Right Theory?

God gave those of royal birth the right to rule?

What is Social Contract Theory?

People voluntarily organize themselves to improve their lives.

What is Direct Democracy?

The People vote on every law.

What is Indirect Democracy?

Elected officials make laws in the interest of the people.

What is Parliamentary Democracy

The Legislative branch elects the executive branch.

What is Presidential Democracy?

The people elect the legislative branch AND executive branch.

Which Democracy was invented by the U.S.?

Presidential Democracy

What is a Sole Proprietorship?

Owned by one person.

What is a Partnership?

Owned by two or more individuals.

What is a corporation?

Many owners(share holders).

What is a Share?

A fraction of ownership(Usually a stock).

What is an example of a Partnership?

Doctors office, Lawyers

What is a Traditional Economic System?

Trade, inheritance. Private, simple ownership.

What is a Capitalism Economic System?

Free enterprise system, Market Economy.

What is a Command Economy?

Socialism or Communism.

What is the Laissez-Faire Theory?

The Government should be “Hands-Off” the economy.

What is the 4 Fundamental Factors of Command Economy?

Nationalism, Public Warfare, Taxation, Centrally Planned Economy.