Gov systems and Economic Structures Vocab Unit 1

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1
Government
An institution through which leaders exercise power to make and enforce laws affecting the ppl under its control
2
Anarchy
A state without government and laws
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Nation
A group of ppl united by bonds of race, language, custom, tradition, and sometimes religion
4
State/Country
A political community that occupies a definite territory and has an organized government
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Sovereignty
The supreme and absolute monarchy within territorial boundaries
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Divine Right
The idea that ppl are chosen by a god or gods to rule
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Social Contract
Theory that by contract, ppl surrender to the state the power needed to maintain order, and the state, in turn, agrees to protect its citizens
8
Constitutional Government
A gov in which a constitution has authority to place clearly recognized limits on the powers of those who govern
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Authoritarian
Controlling all aspects of citizens’ economic, political, and social lives
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Totalitarian
Of or relating to a system of gov in which the gov has total control
11
Dictatorship
A system of gov in which power is in the hands of a person who has total control
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Autocracy
Form of gov in which one leader has absolute power and controls all aspects of citizens’ economic and social lives
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Oligarchy
A system of gov in which a small group holds power
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Monarchy
A system of gov in which a king, queen or emperor exercises supreme powers of gov
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Feudalism
A system of gov in which nobles offered protection and land to their subjects in return for their service
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Democracy
Gov in which the ppl rule
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Republic
A gov in which voters hold sovereign power; elected representatives, responsible to the ppl, exercise that power
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Capitalism
An economic system in which private citizens own and use the factors of production in order to generate profits
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Free Market
Economic system in which buyers and sellers make free choices in the marketplace
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Laissez-faire
The philosophy that gov should keep its hands off the economy
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Mercantilists
Businessperson who thought the prosperity of a nation depended on a large supply of gold or silver
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Mixed Economies
Economic system that combines elements of capitalism and socialism; in a mixed economy, the gov regulates private enterprise
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Democratic socialists
A socialist who is committed to democracy buy wants government involvement in the distribution of wealthy
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Command Economy
An economic system in which the gov controls the factors of production
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Bourgeoisie
Capitalists who own the means of production
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Proletariat
Workers who produce the goods
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Communism
An economic system in which factors of are collectively owned and the central government directs all major economic decisions
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Limited Government
A system in which the power of the gov is limited, not absolute
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Representative Government
A system of gov in which ppl elect delegates to make laws and conduct gov
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