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13 Cards in this Set

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sovereign
Having supreme power within its own territory; it is neither subordinate or responsible to any authority.
autocracy
A government in which a single person holds unlimited political power.
oligarchy
A government in which the power to rule is held by a small, usually self-appointed elite.
unitary government
A centralized government in which all government powers belong to a single, central agency.
federal government
one in which the powers of the government are divided between a central government and several local governments.
division of powers
Basic principal of federalism; the constitutional provisions by which governmental powers are divided on a geographic basis. In the U.S. it is between the national government and the states.
confederation
An alliance of independent states.
presidential government
A form of government in which the executive and legislative branches of the government are separate, independent, and coequal.
parliamentary government
A form of government in which the executive branch is made up of the prime minister, or premier, and that officials cabinet.
compromise
An adjustment of opposing principals or systems by modifying some aspect of each.
free enterprise system
An economic system characterized by private or corporate ownership of capital goods; investments that are determined in a free market.
law of supply and demand
When supplies of goods and services become scarce, prices tend to rise.
mixed economy
An economy in which a private enterprise exists in combination with a considerable amount of government regulation and promotion.