Key Government Terms

Constitution

• the document that states the rules and regulations for the american people 

Sovereignty

• Someone who has the power by there community

Democracy

• Where the people are a huge part in there decisions 

Autocracy

• Where one person has more power then any other. 

Oligarchy

• Where it is a little group dominating and only them no one else

Capitalism

• Where products that are invested in are exchanged by the private people

Free Market

• When companies decide there prices without the governments consent 

Command Economy

• Where the goods are government controlled but the company is public owned 

Republic

• Where it isn't a monarch, and people are viewed as common wealth. 

Limited Government

• There power is very limited and are restriced by law 

Comparison of Democracy and Oligarchy

• Two groups big or small making decisions together in a group 

Comparison of Free market and Command Economy

• There money is there idea don't need government help.