7SS Unit 7 Vocab Flashcard

Front

Which system of government allows people to choose their leaders through elections?

Back

Democracy

Front

In which economic system do individuals own and control businesses?

Back

Capitalism

Front

What is the term for an economic system where the government controls production, distribution, and prices?

Back

Command economy

Front

Which concept emphasizes shared ownership and equal distribution of resources? Options: Capitalism, Democracy, Command economy

Back

Communism

Front

In a democracy, how do citizens typically participate in decision-making?

Back

By voting in elections

Front

Which economic system is characterized by competition and profit motive?

Back

Capitalism

Front

In which system does the government assign people to specific jobs?

Back

Command economy

Front

What is a key feature of communism?

Back

Government control to ensure fair distribution

Front

Which of the following is an example of a country with a capitalist system? North Korea, United States, Cuba, Soviet Union (historically)

Back

United States

Front

In a command economy, who decides what goods and services are produced?

Back

The government