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Unit 2 Vocabulary (Government and Economy)

AB
SovereigntyCountry's power to decide on policies and actions
unitarysystem in which central government holds most or all political power
FederalSystem where smaller units and the central government share power
ConfederationSystem where states have more power than the cental government
AuthoritatianGovernment where one person or a small group holds all political power
dictatorshipMost common form of authoritarian government-one person has all power
totalitarianismExtreme form of dictatorship where leader controls all aspects of people's lives
monarchyGovernment headed by a person who inherited their position by birth
democracyA government in which people choose their leaders
CapitalismEconomic system where consumers make all economic decisions
CommunismEconomic system in which government makes all economic decisions
SocialismSystem in which government controls the basic industries, but consumers also make some economic decisions.
ProvinceOne of the principal administrative divisions in certain countries
EconomyA community's system of using its resources to produce wealth
WelfareThe well-being of a person or community
IndustryManufacturing or production of goods.


Sheryl

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