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Government/Economy Flashcards - Set 1

AB
One who rules with complete power by force ( Ex: C)uda, Nazi Germanyditatorship
Rule by many (Ex: Greece, United States)democracy
Rule by few, ruleby political party (Ex: Communism)oligarchy
Rule by one, Born to power (Ex: King or Queen)monarchy
Industry that creates or collects raw materal (Ex: fishing, mining)primary industry
Economic system where peopl can own their own businessesfree enterprise
Economic system where the government owns the business and control all business. Government makes all decisions such as prices and producationcommand economy
Economy where businesses privately owned and decisions such as price are much by individual owners (Ex: USA)market economy
Producing, buying, selling goods, operates ny costoms, traditions, habits of a group (Ex: Rainforest tribes survivor)traditional economy
Inormation technology (Ex: Cable, Internet)quaternary industry
Provides services. Does not produce goods (Ex: Six Flags Over Texas, Supermarket, Bank)tertiary industry
Tske raw materials and process into consumer goods (Ex: candy - from sugar)secondary industry


5th Grade ELAR Teacher
Dallas, TX

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