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Confederal- strong local government and weak central government Unitary- Strong Central Government and a Weak Local Government Federal- Shares power between central and local Reem and Kate’s soccer team’s government is made up of a coach (central government) and a the players (local governments). The coach can give an take away power however he chooses. Adolf Hitler was chosen for the Nazi Party to be the leader, and he made the laws for Germany. In the United Kingdom when there was an absolute monarchy (autocracy example), the king made all of the laws for the government. Brett and Ryan are the team captains, and they represent the central government. They share power with their team mates by listening to them. The European Union cannot make laws for the countries that are a part of it. In fact the countries tell the government what to do. Command Economy Economies purely controlled by the government Mixed Economy Combination of government controlled and individual citizen controlled economies. Market Economy Individuals control businesses and economy through supply and demand Refers to wealth and resources of a country Economy Currency Type of money used Literacy Rate the percentage of people in a country who are capable of reading and writing GDP Gross (not eww gross but gross which means total) Domestic (like at a house) Product… refers to how much a family in a country makes per year How does it slow/stop trade in an economy How does it slow/stop trade in an economy How does it slow/stop trade in an economy How does it slow/stop trade in an economy Investment the intentional spending of money for profitable use Human Capital Investments on training and education of people Physical Capital Investments toward manufactured, manmade goods and machines Natural Resources Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.