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Government Systems
3
Anarchy
The absence of government
Autocracy
Government ruled by a person with unlimited power
Tyrrany
Government in which power is in the hands of an individual who has seized control
Dictatorship
Government in which one person has unlimited power
Totalitarianism
A radical dictatorship that exercises total control over the beliefs and and behavior of its citizens by taking control of the economic, social, intellectual, and cultural aspects of society
Monarchy
Government headed by a king or queen
Aristocracy
Government dominated by small groups of noble families
Oligarchy
When a small group of wealthy or influential citizens rule
Democracy
When the power rests with the people
Republic
When power rests in the hands of the people as exercised through elected representatives
Factors of Production
Land
Labor
Capital
Entrepreneur
Capitalism
The factors of production are owned by private individuals, private ownership is allowed, and government control is kept to a minimum
Socialism
The factors of production are owned and controlled by the government.
Communism
The factors of production are owned and controlled by the people. As a result, private property and free enterprise does not exist.
Utopia
Ideally perfect state
- Anarchy
- Autocracy
- Tyranny
- Dictatorship
- Totalitarianism
- Monarchy
- Aristocracy
- Oligarchy
- Democracy
- Republic
- Capitalism
- Socialism
- Communism
- Utopia