Stanley Review

A group of people who lead a community

• government

• monarch

• laws

• price system

Describes the value of all the goods and services a country produces?

• laws

• private property

• gross domestic product (GDP)

• price system

The formal rules of a society that all citizens must follow?

• price system

• voluntary exchange

• monarch

• laws

Someone born into power through their family line?

• government

• Monarch

• laws

• price system

Provide guidance for producers and consumers, how much customers value the producer's goods, clues for economists about market health, and incentives for businesses and consumers.

• monarch

• laws

• price system

• private property

the first fundamental component in a free market system?

• private property

• laws

• government

• gross domestic product

the exchange of goods or currency to acquire resources that people need?

• monarch

• laws

• voluntary exchange

• government

the way communities and governments organize resources, goods, and services

• Political Systems

• Price systems

• economic system

• Exchange Systems

They are elected by the people to represent them.

Citizens should be informed about issues.

Citizens should participate in making communities and governments better

Services are based on the needs of the citizens

Services often include safety, healthcare, recreation, and education.

• Democracy

• Monarchy

• Dictatorship

They are born into a position of power through a family line.

Citizens support the leader and the leader's decisions.

Services are provided based on the decisions of the leaders.

Services often include safety, security, and welfare.

• Dictatorship

• Monarchy

• Democracy