Questions and Answers
What is a monarchy?
What is an oligarchy?
A small group of people have all the power
What is representative democracy?
Type of democracy where citizens elect leaders to represent them in government
What is democracy?
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What is a junta?
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What is a dictatorship?
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What is a theocracy?
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What is direct democracy?
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What is anarchy?
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What is autocracy?
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What are resources?
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What is production?
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What is consumption?
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What are needs?
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What are wants?
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What is supply?
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What is demand?
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What is scarcity?
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What is a traditional economy?
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Study Notes
Government Types
- Monarchy: Power is held by a king or queen.
- Oligarchy: Governance is led by a small, elite group with all authority.
- Representative Democracy: Citizens elect representatives to make decisions on their behalf.
- Democracy: Political power rests in the hands of the citizens.
- Junta: A governing body formed by a group that seized control through force.
- Dictatorship: Centralized power resides with a single leader, who maintains total control over citizens' lives.
- Theocracy: Government system where God is recognized as the supreme authority, influencing laws and governance.
- Direct Democracy: Citizens participate directly in the daily operations and decisions of government.
- Anarchy: A state characterized by the absence of governance, where individuals are not bound by any political or legal authority.
- Autocracy: Governance is controlled by one individual.
Economic Concepts
- Resources: Supplies, skills, or aids essential for fulfilling needs.
- Production: Refers to the creation of goods and services.
- Consumption: The buying or using of goods and services by individuals or groups.
- Needs: Fundamental requirements for human survival, such as food, shelter, and clothing.
- Wants: Desires for non-essential items that enhance lifestyle but are not crucial for survival.
- Supply: The total amount of a product or service available in the market.
- Demand: The desire and willingness of consumers to purchase a product or service.
- Scarcity: A situation where resources are limited in availability, leading to competition for their use.
- Traditional Economy: An economic system based on customs, where people trade and produce for their subsistence needs.
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Description
Test your knowledge of key terms in government and economics with these flashcards. This quiz covers various forms of governance and political structures, helping you understand the basics of power and representation in society.
