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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.

Government and Economic Systems

Economic Systems

Task 1Read about the economic systems in the space below and describe the difference.

1.Capitalism (free market)

2.Communism (Command Economy)

3.Socialism

Economic Vocabulary Words

1.GNP-

2.Per Capita GNP

3.Consumer

4.Developing country

5.Laissez Faire Capitalism

Capitalism Communism Socialism

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

1.Total value of goods and services produced in a country in a year.

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.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

Democratic-a government in which the people holds the power to rule

Authoritarian/Autocracy

1.Dictator/Dictatorship

2.Absolute Monarch

3. Oligarch/Oligarchy

4.Theocracy

5. Totalitarianism

TASK 4

LIST AN EXAMPLE COUNTRY FOR EACH

1.absolute monarch

2.totalitarianism

3.theocracy

4.oligarchy

5.dicatorship

Task 2

Describe the difference between authoritarian and Democratic government types

Authoritarian Democratic

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.

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

a form of government in which a country is ruled by a certain religion or religious leaders have the power

government characterized by strong central rule that attempts to control and direct all aspects of individual life through coercion and repression

1.Total value of goods and services produced in a country in a year.

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.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.

Democracy/Democratic

1.Constitutional Monarch

2.Direct Democracy

3. Representative Democracy

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

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.a system in which the power of the hereditary ruler is limited by the country’s constitution and laws.

2. a form of democracy in which the people vote firsthand

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.

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 economic systems

Which example best demonstrates a change in government involvement in the economy?

A. involvement in the United NationsB. creation of the Social Security AdministrationC. deployment of military troops to IraqD. implementation of the Voting Rights Act

--------------------------------------------------------------A market economy needs innovators and entrepreneurs in order to experience growth and increased productivity. What is one of the important roles of the government in facilitating this process?

A. protecting private property rightsB. protecting monopolies from competitionC. preventing firms from entering bankruptcyD. providing transfer payments to its citizens

--------------------------------------------------------------Which of the following policies is an example of how a government may favor the social needs over the need for free and fair competition?

A. laissez faire policiesB. transfer paymentsC. reducing tariffs D. anti-trust legislation

--------------------------------------------------------------What is the main purpose of taxation?

A. to have revenue for government programs and operationsB. to have a reserve of money available if neededC. to promote economic equality among citizensD. to stimulate the economy and encourage spending

--------------------------------------------------------------Which example is a fiscal policy?

A. The central bank increases themoney supply.B. The Federal Reserve controls open market operations.C. The Federal Reserve decreases the money supply.D. The central government increases income tax rates.

EOC Practice Questions government systems

Which feature of ancient Rome made it a republic?

A. absence of a king or emperorB. rule by elected representativesC. right to speak in civic gatheringsD. equality for all adult male citizens

---------------------------------------------------------------"Government of the people, by the people, for the people, shall not perish from the earth."–President Abraham Lincoln, 1863

Which is the best conclusion about President Lincoln's quotation?

A. He believed all men are created equal.B. He intended to be reelected.C. He supported a republic.D. He was against slavery.

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In 1922, Benito Mussolini seized control of the Italian government. Roman Catholicism was named the state religion. Labor unions were abolished, strikes were forbidden, and political opponents were silenced. Mussolini gave free rein to big business and reduced workers' wages.

Mussolini's rule is an example of what type of government?

A. democracyB. monarchyC. totalitarian rule D. anarchy