| A | B |
|---|
| traditional | people make economic decisions |
| mixed | social and free enterprise in which gov't play significant role |
| command/communists | central gov't planners make most decisions for the people |
| pure market/capitalist | economic decisions are made between buyers and sellers |
| democracy | gov't in which the people hold ruling power |
| feudalism | gov't in which local lords govern their own lands |
| divine right | belief that authority comes from God |
| absolutism | ruler with complete authority |
| monarchy | king or queen exercises central power |
