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CHAPTER 2 LESSON 3 DEMOCRACY A governing system in which a country’s people elect their leaders and rule by majority. The people vote to choose the leaders. MAJORITY RULE A system in which the ideas and decisions supported by the majority of people are followed RIGHT A freedom MONARCHY The system of government in which a king or a queen rules. The king or queen inherits the throne. DICTATORSHIP A governing system in which one person rules with absolute authority The citizens do not get to choose what is best for their lives. OLIGARCHY A system in which a small group that is not elected controls the government. The citizens do not get to make decisions, and they do not get to elect leaders. INDUSTRY All the businesses that make one kind of product or provide one kind of service TYPES OF INDUSTRIES Primary Secondary Turning natural resources into a finished product like clothing Tertiary Natural resources like farming, fishing, mining Sells and transports primary and secondary industry products like a trucking company or a store Quaternary Involves research and gathering information like a scientist or an architect DEVELOPED COUNTRIES A country with a well-established economy generally containing all four forms of industry DEVELOPING COUNTRIES A country with a well-established economy generally containing all four forms of industry GDP Gross domestic product The total value of the goods and services produced in a country SUBSISTENCE FARMING Farming in which people raise only enough food for themselves and their families FREE ENTERPRISE An economic system in which people choose what to make, sell, or buy without government control TYPES OF ECONOMIES Command economy The government makes most of the economic decisions Market economy The people own and control businesses. This system benefits the average citizen. The people decide which goods and services they will buy or produce. The people decide how to spend their money. The people decide what kind of job they will have.