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Governments and Economies
vocabulary terms
22
Social Studies
9th Grade
08/27/2014

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Term
Confederate Government
Definition
alliance of independent states and each state is able to make their own laws and the central government has very little power
Term
Exchange
Definition
To part with for something equal; transfer or barter
Term
Government
Definition
System by which a state or community is governed
Term
Capitalism
Definition
Economic system; businesses are privately owned
Term
Constitutional Monarchy
Definition
King/Queen share powers with Parliament and both Parliament and the Judicial branch have powers
Term
Direct Democracy
Definition
Each person has right to vote on everything and is expected to vote on everything
Term
Communism
Definition
system in which government owns the means of production and controls economic planning
Term
Socialism
Definition
society, usually in the form of the government, owns the means of production
Term
Oligarchy
Definition
Few people with all the power – possibly upper class people/military
Term
Distribution
Definition
Making a product or service available for use  by a consumer or business
Term
Monarchy
Definition
King or Queen are the executive of the government and throne is hereditary
Term
Unitary Government
Definition
Described as a centralized government where local governments can be established but all the power is with the main government
Term
Bureaucracy
Definition
A highly structured organization managed by officials
Term
Democracy
Definition
Citizens hold the power to make laws and have voice in government
Term
Dictatorship
Definition
Government controlled by one person or small group of people and they have complete control over laws
Term
Theocracy
Definition
Power in hands of religious person and laws are religious based
Term
Totalitarian Dictatorship
Definition
One person has complete control – ie. Military/Political/Monarch
Term
Federal Government
Definition
Powers are divided between a central and several local governments with each being able to create laws
Term
Absolute Monarchy
Definition
King or Queen have all the power and people have zero say
Term
Representative Democracy
Definition
people elect a person to represent them and the representative votes on issues for the people
Term
Production
Definition
making a good or service which has value and contributes to individuals.
Term

Laissez-faire

 

Definition
companies are allowed to conduct business without interference by the government
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