Governments and Economies
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Transcript of Governments and Economies
Governments and Economies
Government
gov·ern·ment/ˈgəvər(n)mənt/Noun: The governing body of a nation, state, or community.The system by which a nation, state, or community is governed.
Democracy
The government is elected by the people.
Everyone who is eligible to vote has a chance to have their say over who runs the country.
Dictatorship This is a country ruled
by a single leader.
The leader has not been elected and may use force to keep control.
In a military dictatorship, the army is in control.
Monarchy
A monarchy has a king or queen.
In some traditional monarchies, the monarch has absolute power (All)
But a constitutional monarchy, like the UK, also has a democratic government that limits the monarch's control.
Make Observations about what you see in the picture the predict what government would
fit.
Communist In a communist country, the government owns
thingslike businesses and farms.
It is also a type of economy.
It provides its people's healthcare, education and welfare.
Economy
e·con·o·my/iˈkänəmē/Noun:The wealth and resources of a country or region, esp. in terms of the production and consumption of goods and services.
Market Economy¨ Resources are owned and
controlled by individuals
¨ Economic decisions are made by individuals competing to earn profits
¨ Economic decisions are made by the basic principals of supply and demand
Command Economy
¨ The government sets the prices of goods and services
¨ Examples of command economies: Cuba, North Korea and the People’s Republic of China
Mixed Economy¨ Government and individuals
share the decision making process
¨ Government guides and regulates production of goods and services offered
¨ Most effective economy for providing goods and services
Traditional Economy¨ Farming, hunting and gathering are done the same way as
the generation before
¨ Economic activities are usually centered toward the family or ethnic unit
¨ Men and Women are given different economic roles and tasks