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Related Flashcards
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Cards In This Set
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authoritarian
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a form of government in which power is concentrated in the hands of a single leader or small group
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Coalition
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a temporary alliance of political parties formed for political purposes
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Apartheid
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a system of racial segregation and oppression that was practiced in South Africa when the country’s white minority dominated the country
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Theocracy
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a form of authoritarian government in which the government is ruled by religious leaders
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Totalitarian
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a form of government in which the political authority exercises absolute and centralized control over all aspects of life
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Communism
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a political and economic system based on the
writings of Karl Marx in which the state controls the production and distribution of goods, and social classes and private ownership are discouraged
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Factors of production
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the basic resources that make up an economy; the three main factors of production are land and natural resources, labor, and capital
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Traditional economy
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an economic system in which individuals produce the goods they need or barter with others to obtain those goods
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Market economy
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an economic system in which individuals and businesses make most decisions on what goods and services to produce based on their own understanding of the needs and wants of others
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Command economy
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an economic system in which the government decides what goods and services are produced
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Mixed economy
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an economic system that combines elements of traditional, market, and command economies
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Capitalism
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an economic system based on the private ownership
of the means of production and distribution, and
individuals and businesses make most economic
decisions
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Laissez-faire
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the idea that there should be minimal government
involvement in economic affairs; laissez-faire is French for “to let alone”
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Socialism
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a political and economic system in which government
controls resources and industries
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Proletariat
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the working class, whose members Karl Marx believed were oppressed by the bourgeoisie
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