Political and Economic Systems. Main Idea. The world’s countries have a variety of government and economic systems based on differing philosophies. . Political and Economic Systems. Governments usually reflects beliefs about authority, independence, and human rights.
The world’s countries have a variety of government and economic systems based on differing philosophies.
Why and How did Great Britain spread it power around the world?
Definition: A nation’s freedom from outside control
Example: The United Kingdom is separated from the rest of
Europe by the English Channel and the North Sea.
Example: Belgium and Poland stands on a plain
Examples: Great Britain and Japan
Some powers are given to the national government and other powers are reserved for more local governments.
Example: United States
Smaller political units keep their sovereignty and give the central government only very limited powers in such field such as defense and foreign commerce.
Key purpose for confederation: several states can cooperate in common concerns and still remain separate identities.
Dictatorship is a type of authoritarian government in which power is concentrated in a small group or even a single person.
Monarchs inherit their authorities by being born into the ruling family.
Democracy-the people choose their leaders and have the power to set government policy.
What (and how many) goods and services will be produce?
How will these products be produced?
How will the products and the wealth gained from their sale be
An economic system that gives the great freedoms to individuals and groups.
In a capitalist market economy:
Pure capitalism system-the government would not take part on
in the economy.
An economic system controlled by a single, central government.