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Governments and Economies

Governments and Economies. Government. gov·ern·ment /ˈ gəvər (n) mənt / Noun: The governing body of a nation, state, or community. The system by which a nation, state, or community is governed. Democracy. The government is elected by the people.

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Governments and Economies

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  1. Governments and Economies

  2. Government • gov·ern·ment/ˈgəvər(n)mənt/ • Noun: The governing body of a nation, state, or community. • The system by which a nation, state, or community is governed.

  3. Democracy • The government is elected by the people. • Everyone who is eligible to vote has a chance to have their say over who runs the country.

  4. Dictatorship • This is a country ruled by a single leader. • The leader has not been elected and may use force to keep control. • In a military dictatorship, the army is in control.

  5. Monarchy • A monarchy has a king or queen. • In some traditional monarchies, the monarch has absolute power (All) • But a constitutional monarchy, like the UK, also has a democratic government that limits the monarch's control.

  6. Make Observations about what you see in the picture the predict what government would fit.

  7. Communist • In a communist country, the government owns thingslike businesses and farms. It is also a type of economy. • It provides its people's healthcare, education and welfare.

  8. Economy • e·con·o·my/iˈkänəmē/ • Noun:The wealth and resources of a country or region, esp. in terms of the production and consumption of goods and services.

  9. Market Economy • Resources are owned and controlled by individuals • Economic decisions are made by individuals competing to earn profits • Economic decisions are made by the basic principals of supply and demand

  10. Command Economy • The government sets the prices of goods and services • Examples of command economies: Cuba, North Korea and the People’s Republic of China

  11. Mixed Economy • Government and individuals share the decision making process • Government guides and regulates production of goods and services offered • Most effective economy for providing goods and services

  12. Traditional Economy • Farming, hunting and gathering are done the same way as the generation before • Economic activities are usually centered toward the family or ethnic unit • Men and Women are given different economic roles and tasks

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