| A | B |
|---|
| capitalism | factors of production owned by individuals |
| laissez-faire capitalism | no government regulation |
| free-enterprise systems | limited government control of business |
| socialism | factors of production owned by the government |
| primary sector | extracting raw materials from the environment |
| secondary sector | use of raw materials to manufacture goods |
| tertiary sector | providing services |
| authoritarianism | power rests firmly with the state |
| absolute monarchy | authoritarian system in which the hereditary ruler holds absolute power |
| dictatorship | authoritarian system in which power is in the hands of a single person |
