Download CHAPTER 2

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.