Government & Economic Systems
Published on Nov 24, 2015
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
GOVERNMENT SYSTEMS
Emily Stubbe
UNITARY GOVERNMENT
A system of government in which the government holds all the power
BENEFITS
- Strong and organized system of government
- Unifed system of laws
- Flexible laws that are easy to amend
DRAWBACKS
- Slow to meet needs on local level
- Doesn't always meet needs of people
AUTOCRACY
System of government by one person with absolute power
BENEFITS
- Decisions can be made and carried out quickly
DRAWBACKS
- People have little to no say
- Authority is often kept by force
CONFEDERATION
An organization of a number of parties united in an alliance or league
BENEFITS
- Focused on the needs of citizens
- Tyranny is almost impossible
DRAWBACKS
- Often break apart because of power struggles
MARKET ECONOMY
People & businesses chose what to do with their money
BENEFITS
- You fail or prosper by your own hand
- Have personal choice where your money goes
DRAWBACKS
- If producers guess wrong on demand they lose money
TRADITIONAL ECONOMY
Regional habits and customs determine rules for economic activity
BENEFITS AND DRAWBACKS
- Benefit: people you know well are able to teach you
- Drawback: people don't often have a say in what they do
COMMAND ECONOMY COMMUNISM
Government has strict control of almost entire society
BENEFITS AND DRAWBACKS
- Benefits: people are more equal
- Benefit: everyone has necessary things to survive
- Drawback: next to no choice for businesses or consumers
- Drawback: poor stay poor and rich get richer
COMMAND ECONOMY SOCIALISM
Government owns what is essential people have choice beyond that.
BENEFITS AND DRAWBACKS
- Benefit: People get what they need and get to chose what they want
- Drawback: if poor may only have money for the things goverment requires
