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3247216
POLITICAL AND ECONOMIC SYSTEMS
Description
Describes the types of political and economics systems throughout the world.
No tags specified
political and economic systems
democracies
socialism
communism
Mind Map by
Johana Llinas
, updated more than 1 year ago
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Created by
Johana Llinas
about 9 years ago
38
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Resource summary
POLITICAL AND ECONOMIC SYSTEMS
POLITICAL SYSTEMS
Democracies
Freedom of speech, the press, and religion
Varied personal backgrounds of political leaders
Free, competitive elections
Authoritarian Regimes
One ruler or a small group of leaders have the real power in authoritarian political systems
Citizens do not have any voice in how they are ruled
ECONOMICS SYSTEMS
Capitalism
Capitalism is based on private ownership of the means of production and on individual economic freedom
Supply and demand
Free competition
Socialism
Calls for putting the major means of production in the hands of the people, either directly or through the government
Their main goal is to narrow, the gap between the rich and the poor
Communism
No private ownership of property should be allowed
The government should exercise the control in the name of the people
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