1. Political and Economic Systems

2. Levels of government
Unitary System: gives all key powers to the national or central government
Federal System: Divides the powers of government between the national government and the state or provincial governments

3. Autocracy Types of government
Autocracy: Any system of government in which the power and authority belong to a single individual
Monarchy: A system where a King or Queen exercises the supreme powers of government
Autocracy
Monarchy
Saudi King

4. Oligarchy Types of government
Oligarchy: any system of government in which a small group holds power.
Group of leaders:
China Communist party

5. Democracy Types of government
Democracy: any system of government in which leaders rule with the consent of their citizens
Democracy
Direct Democracy:
Iceland, Propositions
Republic: USA, UK

6. Economy
Traditional Economy: habit and custom determine the rules for all economic activity

7. Economy
Market Economy: an economic system based on free enterprise, in which businesses are privately owned, and production and prices are determined by supply and demand.
Mixed Economy: a system of resource management in which the government supports and regulates enterprise through decisions that affect the marketplace.

8. Economy
Command Economy: system of resource management in which decisions about production and distribution of goods and services are made by a central authority