1. Government & Economics
Unit 1 Geography

2. Federal System of Government
Divides government power between national and state/provincial governments

3. Autocracy When a single individual rules Varieties include:
Totalitarian dictators
Monarchies

4. Oligarchy Rule by a small group
Usually determined by wealth, military power, or social status
THEOCRACY—when religion inspires the power
King abdullah saudi arabia

5. Democracy
Any government in which leaders rule with consent of the citizens

6. Economic Systems 3 questions drive all economies:
What/how many goods to produce?
How should they be produced?
Who gets the goods produced?

7. MARKET ECONOMY (Capitalism):
Individuals/private groups make all the decisions
COMMAND ECONOMY (Communism):
Government owns and directs all production and business

8. MIXED ECONOMY (Socialism):
Government supports and regulates private businesses and property through some decision- making