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Types of economy and government

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    Review about the types of economy and government
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  • this is a power system that appoints a person as head of state for life or until abdication. Authority traditionally passes down through a succession line.
    Monarchy
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  • What is a military dictatorship?
    is a nation ruled by a single authority with absolute power and no democratic process.
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  • This type of government replace private property and a profit-based economy with public ownership and communal control of economic production.
    Communism
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  • This approach essentially combines the collective nature of communism with the private ownership and competitiveness of capitalism.
    Socialism
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  • Give an example of goods...
    Food, cars, tvs, playstations, houses. Etc
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  • Give an example of services
    Recreation, transportation, education. Etc
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  • Explain with your own words what is "level of development"?
    ANSWERS COULD VARY. the total value of goods and services the country produces, divided by the number of people in the country.
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