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Forms of Government & Economic Systems Monarchy •  Single ruler w/ power •  Autocrat OR Ceremonial Figurehead •  Hereditary rule w/ clear line of succession. •  Old school—40+ naGons •  Efficient form of government •  Quality of leaders? Monarchies in Red King Salman of Saudi Arabia Dictatorship Adolf Hitler •  Single ruler w/ supreme power. •  Retains centralized power through force (military/police) •  Propaganda •  Efficient •  LegiGmacy? Kim Jong Un Supreme Leader of North Korea Darker NaGons are More Authoritarian (Mostly Dictatorships) Theocracy •  Clergy = Civil Ruler •  Official Policy = Divine Law •  PoliGcal/social unity. •  Minority rights? •  Iran Shia Cleric, Ayatollah Ali Khamenei, Supreme Leader of Iran TheocraGc Republics: Red = theocraGc republics Orange = parGally theocraGc Blue = state religion Green = republics with special recogniGon of a parGcular religion Single Party State •  Only one poli>cal party allowed under cons>tu>on. •  No poli>cal gridlock •  Representa>ve of the people? Direct Democracy •  CiGzens make decisions directly •  Equal say •  Time consuming. •  New England town meeGng. •  Referendum •  IniGaGve •  Recall TradiGonal Economies •  TradiGons and customs shape goods and products created •  Rural and developing naGons •  Subsistence Farming •  Bartering/Trading •  Economic Equality and autonomy •  Low standard of living (Free) Market Economies •  Government = liZle or no involvement in economy. •  Prices determined supply and demand. •  CompeGGon = Higher quality goods/services. •  Instability •  Unequal distribuGon of wealth Command Economies: •  Economy Directed by the Government •  All means of producGon are state owned and controlled •  Govt. Makes All Economic Choices of what to produce, how to produce, and how to distribute •  Address the inequaliGes of capitalism. •  Ensure employment. •  IncenGve? Mixed Economies •  Most common •  Market forces mixed with government regulaGon/investment.